Donald Trump has announced that the “interim” authorities in Venezuela will be providing the U,S. with 30-50 million barrels of oil that will be sold at market prices and controlled by Trump:
I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America. This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States! I have asked Energy Secretary Chris Wright to execute this plan, immediately. It will be taken by storage ships, and brought directly to unloading docks in the United States. Thank you for your attention to this matter!DONALD J. TRUMPPRESIDENT OF THE UNITED STATES OF AMERICA
This is a significant percentage of Venezuela’s crude exports even by historical standards:
Venezuela exported about 781.5 thousand barrels per day of heavy-sour in 2019. In 2023, that number dropped to about 617.6 thousand barrels per day.
Sounds like just a downpayment, and part of what likely is an emerging broader deal not to take out other Venezuelan leaders so long as they play ball — and I’m guessing have agreed to kick out China, Russia, Iran, and Hezbollah.
This comes as polling shows a surge in support for the capture of Maduro:
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