Key Points:
- Trump claims Venezuela’s interim government agreed to hand over 50 million barrels of oil
- US President will have direct control over revenue from oil sales, not the Venezuelan government
- Energy Secretary Chris Wright instructed to immediately implement the plan
- Oil already loaded on ships will be sent directly to US Gulf Coast refineries
- Revenue intended for Venezuela reconstruction and American citizen welfare
- Experts say 50 million barrels equals only 2.5 days of US consumption, unlikely to significantly lower gas prices
- Trump indicates Chevron and ExxonMobil will invest billions to repair Venezuela’s oil infrastructure
US President Donald Trump has surprised the world with a historic announcement following the recent change of power in Venezuela. According to Trump, the new interim government of Venezuela has agreed to hand over 50 million barrels of high-quality, “sanctioned” oil to the United States. This move will not only strengthen America’s energy security, but Trump has also made it clear that he will have direct control over the billions of dollars in revenue generated from the sale of this oil. Trump claims this money will be used for the reconstruction of Venezuela and the welfare of American citizens, as part of his “America First” and “Donoro Doctrine” vision.
Presidential Control Over Revenue and Oil
Sharing the information on the social media platform ‘Truth Social’, President Trump stated that the 30 to 50 million barrels of oil from Venezuela will be sold at market price. Surprisingly, the funds generated from this sale will not be managed by the Venezuelan government, but by the US President himself. Trump believes this will ensure that the money is not lost to corruption and is used for the benefit of the people of both countries. This unprecedented arrangement gives the US President direct oversight of what could amount to several billion dollars in oil revenue.
Immediate Action Ordered by Trump
To implement this massive oil deal, US President Donald Trump has instructed his Energy Secretary, Chris Wright, to immediately put the plan into action. Under the plan, the oil already produced and loaded onto ships in Venezuela will be brought directly to US ports (unloading docks). According to White House sources, most of this oil is already in barrels and will soon be sent to refineries in the US Gulf Coast. The immediate directive suggests the administration wants to move quickly before any potential political or logistical complications arise.
Limited Impact on US Gasoline Prices Expected
Experts believe that this quantity of 50 million barrels of oil could help stabilize prices by increasing market supply. However, this amount is only equivalent to about two and a half days of supply compared to America’s daily consumption of 20 million barrels. Therefore, a significant drop in gasoline prices for the general public is unlikely, but strategically, this move will give the US an advantage in the global market. The deal appears more symbolic of Trump’s ability to secure resources than a substantive solution to energy costs.
Venezuela’s Infrastructure Reconstruction Plans
Trump has also indicated that in the coming years, major American oil companies like Chevron and ExxonMobil will invest billions of dollars to repair Venezuela’s dilapidated oil infrastructure. Decades of mismanagement and sanctions have severely reduced Venezuela’s production capacity, which is now planned to be improved with American technology. This agreement will not only ensure oil supply but is also considered a major step towards bringing the Venezuelan economy under US control.
