🛢️ Are the U.S. getting control over 65+ billion barrels of Venezuela’s oil?! 🇺🇸🇻🇪
Donald Trump said there is a large oil deal with Venezuela, under which the U.S. will gain majority control over more than 65 billion barrels of proved reserves. Trump called it “the biggest oil deal in history” and expects it to lower gas prices. According to Marco Rubio, the deal could attract about $100 billion in private investment into Venezuela. ("Reuters" (https://www.reuters.com/business/energy/us-enters-into-oil-agreement-with-venezuela-trump-says-2026-08-28/))
⚠️ An important nuance: the U.S. did not receive 65 billion barrels of oil as property. The statement refers to claimed control over reserves, and the legal details of the deal are not fully understood yet. Venezuela has about 303 billion barrels of proved reserves, but significant production growth would require large-scale investment and the restoration of infrastructure.
🔥 If production really increases substantially, the additional supply could put pressure on global oil prices. But an immediate “flow” of 65 billion barrels to the market shouldn’t be expected.
#Oil #venezuela #usa #TRUMP #Geopolitics
Donald Trump said there is a large oil deal with Venezuela, under which the U.S. will gain majority control over more than 65 billion barrels of proved reserves. Trump called it “the biggest oil deal in history” and expects it to lower gas prices. According to Marco Rubio, the deal could attract about $100 billion in private investment into Venezuela. ("Reuters" (https://www.reuters.com/business/energy/us-enters-into-oil-agreement-with-venezuela-trump-says-2026-08-28/))
⚠️ An important nuance: the U.S. did not receive 65 billion barrels of oil as property. The statement refers to claimed control over reserves, and the legal details of the deal are not fully understood yet. Venezuela has about 303 billion barrels of proved reserves, but significant production growth would require large-scale investment and the restoration of infrastructure.
🔥 If production really increases substantially, the additional supply could put pressure on global oil prices. But an immediate “flow” of 65 billion barrels to the market shouldn’t be expected.
#Oil #venezuela #usa #TRUMP #Geopolitics
