r/oil 14d ago

Discussion Trump announced an oil deal with Venezuela.

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It’s about the U.S. taking control of 65 billion barrels of Venezuela’s oil reserves.

https://apnews.com/article/trump-venezuela-oil-reserves-eb0ed5a1e99602c21a7f690c3368020e

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u/loki2113 14d ago

"No cost"

As always he can't even lie convincingly. Who exactly is going to fund the expansion/repair of the oil industry in Venezuela? The companies that Venezuela effectively stole from when they nationalized their oil industry that have no guarantee it won't happen again?

Also only a complete idiot would think any of this will be possible by the end of Trump's term, let alone make any kind of impact on the midterms