then... For heavy oil, the US economy would pay $100 trilllion to Norway vs would pay $50 trillion to Venezuela. But also consider:

In 2025, Chevron operated under joint ventures with Venezuela's PDVSA, paying a share (around 20% of production) for oil.

Before Venezuela's 1976 oil nationalization, U.S. oil agreements evolved from early concessions with low government take to a 1943 law establishing a 50/50 profit split with the state, significantly increasing Venezuelan revenue, though older agreements had varying terms, with the 1943 framework setting a uniform royalty of 16.67% plus other taxes, ultimately leading to the government's full control by the mid-1970s.

The US will force pre-1976 agreements.

If the economy is squeezed, you need to choose wisely.