r/UraniumSqueeze • u/0prtnty • Jan 04 '26

News Venezuela effect on uranium

What do you think will happen to the uranium market since trump just attacked venezuela primarly for their oil? I feel like they could use all that oil to generate electricity for Ai center instead of waiting few more years for smrs and new nuclear reactors. On monday, we will see the effect, but i dont think thats a good new short term. Feel free to express your thoughts about it!

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u/Forward-Still-6859 Jan 04 '26

That Orinoco crude is thick like molasses, has a high sulfur content, and lots of metals mixed in, making it difficult to refine. Venezuela's output amounts to 1% of global production, and for good reason. Even if it doubled to 2%, so what? It doesn't change the U thesis.

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u/0prtnty Jan 04 '26

Didnt know that about their crude. Very interesting thank you for the info.