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Started By
Message
Deal cut for Venezuelan Oil
Posted on 1/7/26 at 7:40 am
Posted on 1/7/26 at 7:40 am
Very early news broke that the US had cut a deal to get sanctioned oil from Venezuela. The deal is for 30-50 million barrels of oil to be brought to the US indefinitely at unknown rate. The oil will be “given” to the US and “we” will sell it. Proceeds go into US banks and eventually, when the time is right, it will go to Venezuelan interests.
It’s a very early report but fairly earth-shattering insofar as it is oil that China would likely have gotten.
It’s a very early report but fairly earth-shattering insofar as it is oil that China would likely have gotten.
This post was edited on 1/7/26 at 7:41 am
11
Posted on 1/7/26 at 7:42 am to SlidellCajun
Whoever is in charge of this transition needs to prioritize food ASAP as possible. Get the grocery stores filled up NOW.
Posted on 1/7/26 at 7:43 am to SlidellCajun
Posted on 1/7/26 at 7:44 am to SlidellCajun
Somebody probably purchased their life from OMB with this one
Posted on 1/7/26 at 7:44 am to SlidellCajun
Trump should offer it to Newsome for $165.00 a barrel.
Posted on 1/7/26 at 7:45 am to SlidellCajun
Hope we manage this better than we did Iraqi oil.
Posted on 1/7/26 at 7:47 am to SlidellCajun
quote:
it is oil that China would likely have gotten
China gets about 4% of its oil imports from Venezuela, and President Trump said over the weekend that barrels sold to China from Venezuela could actually increase as more production is brought online.
Posted on 1/7/26 at 7:50 am to SouthEasternKaiju
Lots of questions
Who is actually in charge of the deal in Venezuela?
Why wouldn’t Venezuela sell the oil to whoever they want?
Is the oil being brought to the US or will be stay in Venezuela?
If coming to the US, who is bringing it?
Are American oil companies included?
Who is actually in charge of the deal in Venezuela?
Why wouldn’t Venezuela sell the oil to whoever they want?
Is the oil being brought to the US or will be stay in Venezuela?
If coming to the US, who is bringing it?
Are American oil companies included?
Posted on 1/7/26 at 7:51 am to SlidellCajun
This is a perfect example of why you shouldn’t take Trump literally. He tends to “summarize” things a bit, in this case initially saying they were giving us the oil, and the press ran with this. They would be better served going to the relevant cabinet member (in this case Rubio or Wright) and getting the details.
Posted on 1/7/26 at 7:53 am to SlidellCajun
quote:
Lots of questions
Who is actually in charge of the deal in Venezuela?
Why wouldn’t Venezuela sell the oil to whoever they want?
Is the oil being brought to the US or will be stay in Venezuela?
If coming to the US, who is bringing it?
Are American oil companies included?
Per CNBC
1) They are dealing with “interim’ decision makers in Venezuela
2) We control their shipping lanes
3) Coming to the US
4) TBD
5) US refiners (likely Valero and Phillips)
This post was edited on 1/7/26 at 7:54 am
Posted on 1/7/26 at 7:57 am to SlidellCajun
If I remember correctly Citgo as a Venezuelan company had a pipeline that ran into Chalmettes plant that now is PBF so transmission seems easy enough if the pipeline is still intact
Posted on 1/7/26 at 8:01 am to Free888
(4)
$CVX Lines Up 11 Ships as Venezuela’s Dark Fleet Vanishes
At least 11 ships chartered by the US oil major are scheduled to arrive in the Venezuelan government-controlled ports of Jose and Bajo Grande this month, according to data compiled by Bloomberg.
Chevron continues to load oil as at least 12 vessels bound for Venezuela turned away under the heavy US military presence in the Caribbean.
$CVX Lines Up 11 Ships as Venezuela’s Dark Fleet Vanishes
At least 11 ships chartered by the US oil major are scheduled to arrive in the Venezuelan government-controlled ports of Jose and Bajo Grande this month, according to data compiled by Bloomberg.
Chevron continues to load oil as at least 12 vessels bound for Venezuela turned away under the heavy US military presence in the Caribbean.
Posted on 1/7/26 at 8:09 am to SlidellCajun
Use proceeds to buy food for Venezuela from other SA countries
Posted on 1/7/26 at 8:14 am to Gee Grenouille
quote:
Get the grocery stores filled up NOW.
This is paramount for both the morale and "love" from the citizens, but also the optics of Communism/dictatorship vs. Capitalism. Somewhat similar to post WWII Germany.
Posted on 1/7/26 at 8:16 am to Gee Grenouille
quote:
Get the grocery stores filled up NOW.
100%
That would be remembered by this generation of Venezuelans and their love for the USA would be unshakeable.
It would kill the communist/socialist virus in that country for decades.
Posted on 1/7/26 at 11:33 am to Free888
My understanding is the Venezuelan is indeed giving us the oil and we get to sell it with proceeds of the sale going into US banks so debtors cannot get access to the money.
In time, when Venezuela is deemed more stable, the money from the sale of the oil will be used to aid Venezuela.
It’s a sweet deal imo based on the broad strokes
In time, when Venezuela is deemed more stable, the money from the sale of the oil will be used to aid Venezuela.
It’s a sweet deal imo based on the broad strokes
Posted on 1/7/26 at 11:43 am to SlidellCajun
not sure about the heavy oil, but is this the way trump will re-fill the strategic oil reserves that biden used up?
Posted on 1/7/26 at 11:46 am to texas tortilla
Filling strategic reserve would not be in line with what has been reported.
It wouldn’t be a bad idea but the promise was to use the proceeds from the sale of the oil to benefit Venezuela down the road.
It wouldn’t be a bad idea but the promise was to use the proceeds from the sale of the oil to benefit Venezuela down the road.
Posted on 1/7/26 at 11:59 am to The Torch
quote:
Trump should offer it to Newsome for $165.00 a barrel.
Newscum has a refinery, Valero in Benicia, Ca. that is capable of running the heavy crude form Venezuela but is planning to shut down sometime this year because of their costly liberal policies in Ca.
Posted on 1/7/26 at 12:01 pm to SlidellCajun
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