Trump Releases Major News: The U.S. Wants to Take Control of Venezuela’s 65 Billion Barrels of Oil
Trump recently announced that the U.S. has reached oil-related agreements with Venezuela. Through cooperation with private enterprises, it will obtain “majority control” over more than 6.5 billion barrels of proven oil reserves. Trump said the deal would not require the U.S. taxpayers to foot the bill and is expected to increase oil supply and lower future gasoline prices.
However, as of now, the specific structure of the agreement, the participating companies, and the actual meaning of the so-called “majority control” have not been fully disclosed. The White House has also not released complete details yet. As a result, the market for the time being is better off treating it as a major energy policy signal rather than as already-realized production capacity.
If, going forward, the funds and infrastructure genuinely enter Venezuela’s oilfields, the impact would not be limited to U.S. energy security—it could also potentially reshape the global crude oil supply landscape.
65 billion barrels is only the first layer of the story. The real thing worth watching is this: when will these reserves actually turn into real production? $BTC $TRUMP $AKE #特朗普称美达成委内瑞拉石油协议
Trump recently announced that the U.S. has reached oil-related agreements with Venezuela. Through cooperation with private enterprises, it will obtain “majority control” over more than 6.5 billion barrels of proven oil reserves. Trump said the deal would not require the U.S. taxpayers to foot the bill and is expected to increase oil supply and lower future gasoline prices.
However, as of now, the specific structure of the agreement, the participating companies, and the actual meaning of the so-called “majority control” have not been fully disclosed. The White House has also not released complete details yet. As a result, the market for the time being is better off treating it as a major energy policy signal rather than as already-realized production capacity.
If, going forward, the funds and infrastructure genuinely enter Venezuela’s oilfields, the impact would not be limited to U.S. energy security—it could also potentially reshape the global crude oil supply landscape.
65 billion barrels is only the first layer of the story. The real thing worth watching is this: when will these reserves actually turn into real production? $BTC $TRUMP $AKE #特朗普称美达成委内瑞拉石油协议
