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KoalaUnknown@lemmy.world to News@lemmy.world · 2 months ago

Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves

apnews.com

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Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves

apnews.com

KoalaUnknown@lemmy.world to News@lemmy.world · 2 months ago
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President Donald Trump says his administration has entered a sweeping agreement with Venezuela that, if realized, could give the U.S. access to vast amounts of the South American country’s untapped oil reserves, at cost.
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  • DaddleDew@lemmy.world
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    2 months ago

    Venezuela is now a subservient resource colony for Trump’s billionaire friends to exploit and pillage.

    This is what they tried to do to Canada as well during the last trade negotiations.

    The growing oligarchy in the US is a parasite that kills its host. It can only survive if it finds new hosts to infect.

    • Mihies@programming.dev
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      2 months ago

      Chávez must be turning in his grave

  • credo@lemmy.world
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    Is that the deal where the US stops attacking fishermen, and Venezuela pays the ransom?

    https://www.britannica.com/event/2025-US-Strikes-on-Venezuelan-Vessels

    • BrianTheeBiscuiteer@lemmy.world
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      2 months ago

      Probably more like we get their oil and in return we won’t depose their new puppet ruler.

      • Revolver1864@piefed.social
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        2 months ago

        You should be focussing on deposing your own pedophile ruler buddy.

        • emmanuel_car@fedia.io
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          2 months ago

          Don’t call me buddy, guy, I’m not your buddy.

          • Nocklusamigos@lemmy.world
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            2 months ago

            He didn’t call you his buddy

  • frustrated_phagocytosis@fedia.io
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    2 months ago

    BRB gonna make a deal at the house down the street where I show up with a gun and they give my ownership and praise me for it daily

  • finallymadeanaccount@lemmy.world
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    2 months ago

    And by deal, he means kidnap the leader and steal the country’s oil.

  • Hello_there@fedia.io
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    This seems like a much bigger deal than the news has portrayed. It seems like Trump feels like he can’t do fun things (bomb Iran) because of the oil stockpile. So he is doing anything he can to try to show markets that he has oil so he can get back to doing fun.

    Consumption of US is 19.4 million barrels a day.
    https://www.ceicdata.com/en/indicator/united-states/oil-consumption So 65 billion seems like a lot.

    However, “The bulk of the country’s petroleum is made up of heavy, sour crude oil—a dark, gloopy, acidic substance that is both high in sulfur and relatively difficult to recover. This type of crude oil is very useful in asphalt production, but it needs to undergo a longer refining process to be made into more lucrative products, such as gasoline and other fuels, compared with lighter crude oil” https://www.britannica.com/science/How-Much-Oil-Does-Venezuela-Have-and-How-Much-Is-Accessible

    If our processes are set up to process one type of oil, can we even switch to another type? How many refineries can do it? How much is wasted in the process and what is the rate? This seems like everything trump does: effective on a first glance but the moment you start thinking or asking questions it falls apart

    • justOnePersistentKbinPlease@fedia.io
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      2 months ago

      Actually, most US refineries are set up to refine that heavy goop. It is not dissimilar to Alberta’s tar sands product (bitumen). And most US oil comes from Canada.

      Him getting this oil is a piece of leverage against Canada and trying to remove a card from Canada’s deck against him taking our country.

      • redsand@infosec.pub
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        2 months ago

        And it has the subtle weakness of a tanker and port bottleneck

        • justOnePersistentKbinPlease@fedia.io
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          Also, as CBC pointed out this morning, this is basically the same annoucement he did when the US first took Venezeula.

          Since then, apparently none of the oil companies have moved into Venezeula, so this might be an attempt to get any traction there.

          • uzername@lemmy.world
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            “Venezuela’s oil exports fell slightly to 1.16 million barrels per day in July from 1.2 million bpd the previous month as the country drained fewer inventories, but exports to the U.S. jumped ​to some 786,000 bpd, the highest since early 2019, shipping data showed on ​Monday.” https://www.reuters.com/business/energy/venezuelas-oil-exports-fell-slightly-july-cargoes-us-rose-2026-08-03

            • justOnePersistentKbinPlease@fedia.io
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              2 months ago

              No new projects are shovel in dirt.

              Lots of promises and deals in thr making with Venezeula

  • CharlesDarwin@lemmy.world
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    2 months ago

    LOL, “deal”.

  • itisileclerk@lemmy.world
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    2 months ago

    Fucking USA!!! They just steal whatever they want. They are World’s enemy No. 1.

  • njm1314@lemmy.world
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    2 months ago

    Considering how little we teach the Banana Republic era in schools I wonder how few Americans recognize what’s going on here. How many of them know about the American conquest of Haiti or the Dominican Republic or any of the other dozen countries America conquered and pillaged.

  • mossberg590@lemmy.world
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    Venezuela has twice nationalized the oil infrastructure, 1976 and 1999. Meaning they kicked out the foreign companies that invested and built infrastructure. This is why Trump couldn’t find any companies willing to do it a third time. So now it seems the US is gaurantieeng the security with this “lease”. This is a scary prospect all the way around.

    • FuckyourFeels@lemmy.world
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      2 months ago

      New forever war started

  • UnLocoPoco@lemmy.world
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    Kidnapping a country’s leader and then capturing the oil refineries and oil fields is NOT the definition of a “deal” 🙂

  • resipsaloquitur@lemmy.cafe
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    2 months ago

    “Control” meaning steal?

  • I_Fart_Glitter@lemmy.world
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  • FuckyourFeels@lemmy.world
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    2 months ago

    So this won’t do much for gas prices

    • green_goglin@thelemmy.club
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      deleted by creator

  • MonkeMischief@lemmy.today
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  • febra@lemmy.world
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    2 months ago

    So when I rob someone at gunpoint I can just say they have entered a deal with me to give me their stuff and maybe I’ll throw them back a penny.

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