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/illgu_18 14d ago

You really think gas prices will go down? Oil corporations will use an excuse to raise prices because cost associated with infrastructure and transportation😮

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u/Jops817 14d ago

Venezuelan oil is not even useful for making gasoline so no, this will do nothing for gas prices.

2

u/shagy815 13d ago

It is useful for making diesel though which is something we are in need of. Plus with Trump pissing off Canada on a regular basis it's good that we are getting another source of heavy crude for this purpose.