Trump Unveils the “Biggest Oil Deal in History”!
The U.S. is eyeing more than 65 billion barrels of reserves.
Control is secured outright!
Taxpayers reportedly won’t have to foot the bill.
The global oil map is about to be rewritten again!
Trump announced that the U.S. has reached an agreement with Venezuela, through cooperation with private companies, to gain majority control over more than 65 billion barrels of proven oil reserves—and said the deal would double the size of America’s oil reserves. The agreement also plans to mobilize nearly $100 billion in private investment, covering 17 strategic oil fields. (Al Jazeera)
But 6.5 billion barrels of reserves doesn’t mean an immediate addition of 6.5 billion barrels to supply. Venezuela’s current output is still only about 1.25 million barrels per day, and infrastructure as well as the high cost of heavy-oil extraction are real bottlenecks. If U.S. companies really push production higher afterward, the risk premium on oil prices, inflation expectations, and even U.S. Treasury yields could all be repriced. (Al Jazeera)
Don’t rush to treat it as a “button” that makes oil prices crash in the short term.
What’s truly ruthless is that the U.S. is grabbing the energy leverage for the decades ahead!
Click the card below—go right to it!👇$BTC $ETH $XRP
The U.S. is eyeing more than 65 billion barrels of reserves.
Control is secured outright!
Taxpayers reportedly won’t have to foot the bill.
The global oil map is about to be rewritten again!
Trump announced that the U.S. has reached an agreement with Venezuela, through cooperation with private companies, to gain majority control over more than 65 billion barrels of proven oil reserves—and said the deal would double the size of America’s oil reserves. The agreement also plans to mobilize nearly $100 billion in private investment, covering 17 strategic oil fields. (Al Jazeera)
But 6.5 billion barrels of reserves doesn’t mean an immediate addition of 6.5 billion barrels to supply. Venezuela’s current output is still only about 1.25 million barrels per day, and infrastructure as well as the high cost of heavy-oil extraction are real bottlenecks. If U.S. companies really push production higher afterward, the risk premium on oil prices, inflation expectations, and even U.S. Treasury yields could all be repriced. (Al Jazeera)
Don’t rush to treat it as a “button” that makes oil prices crash in the short term.
What’s truly ruthless is that the U.S. is grabbing the energy leverage for the decades ahead!
Click the card below—go right to it!👇$BTC $ETH $XRP
