Despite the recent significant US actions in Venezuela, including the capture of President Nicolas Maduro and intentions to unlock its vast oil reserves, global oil prices have surprisingly not plummeted. The initial market reaction saw only slight dips, with Brent crude falling marginally. This muted response stems from several key factors that overshadow the theoretical impact of Venezuela's immense proven oil reserves, which are the largest globally. The primary reason is the severely dilapidated state of Venezuela's oil production infrastructure. Decades of underinvestment, mismanagement, corruption, and international sanctions have crippled the country's oil industry, causing its output to fall dramatically from a peak of nearly 3.5 million barrels per day in the late 1990s to less than 1 million barrels per day currently, representing a mere 1% of global supply. Experts estimate that it would take billions of dollars and many years, possibly over a decade, to repair and significantly boost Venezuela's production capacity to historical levels. Furthermore, the global oil market is currently characterized by an oversupply. Non-OPEC+ countries, particularly the United States, Brazil, Guyana, and Canada, have significantly increased their production, contributing to a surplus. This excess supply is further managed by the deliberate production cuts maintained by OPEC+ members, including Saudi Arabia and Russia, aimed at stabilizing prices. These collective efforts have created a buffer that can absorb any potential, albeit limited and slow, increases in Venezuelan oil supply. For India, a major oil importer and an economy with growing demand, the immediate impact of the Venezuelan developments is deemed marginal. Global supply-demand fundamentals and OPEC+ decisions continue to be the more decisive factors influencing crude oil prices. However, Indian oil shares have shown some volatility driven by fears of supply shocks. Overall, the situation highlights that real-world production capabilities and broader market dynamics are more influential than geopolitical headlines in determining oil price movements.