Oil Energy Watch (@oil_energy_watch)
Coinbase co-founder reportedly seeks control of Venezuelan oil fields
Coinbase co-founder Fred Ehrsam is reportedly seeking control of at least three Venezuelan oil fields as Washington reshapes the country's energy sector, according to Bloomberg.
The reported move would represent an unusual expansion into physical energy assets for an entrepreneur best known for his role in the crypto industry.
Venezuela holds some of the world's largest proven oil reserves, making changes in ownership, investment and production policy potentially significant for global crude supply.