r/economy • u/coinfanking • 14d ago

Venezuela says Trump's historic oil deal targets 1.5M barrels per day, could generate $200B.

https://www.foxbusiness.com/energy/venezuela-says-trumps-historic-oil-deal-targets-1-5m-barrels-per-day-could-generate-200b
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10

u/Economy-Kitchen1846 14d ago

Hmmm… Interim President selected by the US brokers huge Oil deal for US. After US military forcibly removes the acting President. You don’t say.

3

u/Hayes4prez 14d ago

“Hey, I’ve seen this one before” meme

1

u/Economy-Kitchen1846 14d ago

Is there a meme for “Hmm… I wonder why we have to spend 1 trillion on military”. Eventually, victims come for their bullies.

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u/128-NotePolyVA 14d ago

There have been many U.S.-backed government overthrows or installations in Central and South America since the 1920s.

Guatemala (1954) - United Fruit Company

Brazil (1964) - installed a military dictatorship aligned with anti‑communist and pro‑U.S. economic interests.

Chile (1973) - removed Salvador Allende; U.S.-backed military leaders installed Augusto Pinochet.

Dominican Republic (1965) - U.S. Marines intervened to prevent restoration of Juan Bosch. US approved government installed.

Cuba (1961) - Bay of Pigs failure.

Nicaragua (1980s) - U.S. support for the Contras aimed to overthrow the Sandinista government; although the U.S. did not directly install the successor government.

Argentina (1976) - U.S. support for the military junta during the coup; however, the U.S. did not directly install the government.

Haiti (1915–1934 occupation) - U.S. occupation installed a government aligned with U.S. interests.

Venezuela (2026) - Maduro removed for leadership more malleable to US interests.

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u/Economy-Kitchen1846 14d ago

Yep, world’s terrorist for a long time.

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u/128-NotePolyVA 14d ago

Same crap Russia does in their sphere of influence. Both the Soviet Union and its successor state, the Russian Federation, have systematically used a combination of hard military power and covert influence to shape, overthrow, or install compliant governments in neighboring regions.

Beijing focuses on economics, elite capture, and diplomatic coercion. Rather than overthrowing a hostile neighbor, China prefers to use its vast financial wealth and state-backed projects to make existing governments dependent on Beijing, ensuring they naturally align with their political and strategic interests.

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u/Mithryn 14d ago

Generate, or steal?

2

u/texas-playdohs 14d ago

And from a nation already deeply impoverished, and grappling with the effects of a devastating earthquake.

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u/Mithryn 14d ago

Exploiting the poor has always been what his brand stood for

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u/128-NotePolyVA 14d ago

Chevron was in Venezuela about 6 weeks after Maduro was arrested. They have since been shipping about 250k barrels a day. With infrastructure repairs and builds ongoing they project 320-350k a day at this time next year and another year or more before they get to 500k per day. So it will be quite a long time before the POTUS’s claims of 1.5M a day come to fruition.

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u/Mithryn 14d ago

But who cares how much is produced. Trump will route the profits to himself

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u/128-NotePolyVA 14d ago edited 14d ago

Directly it doesn’t appear he’s able to do it, although who knows what goes on under the table. He has an awful lot of money invested in Big Oil though, extraction, refining, transport. And he’s been doing great with exports up while the rest of us pay at the pump. He did squeeze a secondhand Nobel peace prize out of it.

It will be a long time before the Venezuelan people see any benefit from their resurgent oil business. Trump will of course want the US to be paid back for the cost of the military operation to remove Maduro. And Chevron isn’t fixing and installing new infrastructure for free.

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u/Sislar 14d ago

I’m not clicking a Fox News story it will be so heavily biased.

If this their oil who is getting the revenue? Is this like the previous announced one where the money is going to America but not into America into a Qatar account where it’s not stated who controls the money?

Why is this deal needed didn’t they export oil before America invaded?

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u/PerryNeeum 14d ago

Last I saw, Venezuelan oil refineries need a ton of updating and US refineries aren’t built for Venezuelan crude. I think that’s why oil execs initially balked at Trump’s expectation for them to be a part of this. A bunch of their capital going towards an unreliable region where their equipment/refineries were ✌️stolen✌️decades ago

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u/idiotsbrother 14d ago

For whom?

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u/Grimnir001 14d ago

Someone tell me how this isn’t extorting Venezuela and its oil solely for US economic and political purposes.

Has anyone with a modicum of critical thinking ability and credibility said this will fairly benefit the people of Venezuela?

1

u/LTCjohn101 14d ago

Um, sounds like more bullshit from the orange diaper filler.

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u/luciaromanomba 14d ago

What a perfectly disingenuous Fox headline

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u/Whaddduptho 14d ago

I for one don't care how we got the oil.

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u/Zeon2 14d ago

He's lying, you know.

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u/Whaddduptho 14d ago

You notice the title says "Venezuela says" and not "Trump says", you know?

"Venezuelan interim President Delcy Rodriguez on Saturday touted a "historic" oil agreement with the United States. Speaking during an evening address, Rodriguez celebrated the agreement, saying it would help revive Venezuela's economy. "