Trump Says He's Selling Venezuela's Oil and That the Money Will Be Controlled by Me'
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Trump Says He's Selling Venezuela's Oil and That the Money Will Be Controlled by Me'
"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, announced Trump in a Truth Social post. 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!"
"Following the U.S. invasion of Venezuela on Saturday, which resulted in the capture of President Nicolas Maduro and his wife, Trump quickly made it clear that the operation was heavily motivated by oil. Right now, what we want to do is fix up the oil, fix up the country, bring the country back, and then have elections, said Trump the day after the invasion."
A U.S. operation captured President Nicolas Maduro and his wife and secured access to Venezuelan oil. Interim Venezuelan authorities will turn over between 30 and 50 million barrels of sanctioned, high-quality oil to the United States. The oil will be sold at market price, with President Trump asserting personal control of the proceeds to benefit both Venezuela and the United States. Energy Secretary Chris Wright was instructed to transport the oil by storage ships to U.S. unloading docks immediately. The operation emphasized rebuilding oil infrastructure, inviting large oil-company investment, and promised elections after reconstruction; oil stocks surged following the announcement.
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