Venezuela to export $2 billion worth of oil to US in a deal with Washington, and immediately, the first thing that jumps to mind is, $2 billion? In the grand scheme of things, in the context of the U.S. budget and even in the context of the enormous resources at stake, it feels… insignificant. It’s like a rounding error. The cost of all the machinations, the political maneuvering, and likely the military operations, seems far, far greater. We’re talking about a lot more than a simple transaction.
Venezuela to export $2 billion worth of oil to US is essentially the story here, and it’s mostly about what one person said, and who that person is – former U.S.… Continue reading
Venezuela to Send US Up to 50 Million Barrels of Oil, Trump Says, and it’s certainly a headline that grabs your attention. It’s almost unbelievable, isn’t it? The core of this story is the potential for the United States to receive a significant influx of oil from Venezuela, as touted by the former president. The figure of up to 50 million barrels is being floated around.
Venezuela to Send US Up to 50 Million Barrels of Oil, Trump Says, and it’s important to understand the scale of that number in the grand scheme of things. Considering the US consumes around 20 million barrels of oil *per day*, that 50 million barrel figure, while substantial, only equates to roughly two and a half days’ worth of American consumption.… Continue reading
Following a change in Venezuelan leadership, President Trump announced that the country would provide the US with up to 50 million barrels of oil. The oil will be sold at market price, with the generated funds controlled by Trump to benefit both the Venezuelan and US populations. This statement follows his prediction of a revitalized US oil industry in Venezuela within 18 months, attracting significant investment. However, analysts suggest that restoring Venezuela’s oil output to previous levels may require substantial financial investment and time.
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Matt Underwood 
John Q. Hosedrinker