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Started By
Message
Kobeissi Letter analysis of Venezuelan oil deal: hot damn
Posted on 8/28/26 at 7:56 pm
Posted on 8/28/26 at 7:56 pm
quote:
This oil deal with Venezuela is absolutely insane.
President Trump just announced that the US has reached a deal to secure "majority control" of over 65 billion barrels of Venezuelan oil reserves.
Furthermore, the US currently has ~46 billion barrels of proven crude oil reserves.
Combined with the 65 billion barrels covered by this agreement, the US would have domestic reserves plus control over ~111 billion barrels of oil.
To put this into perspective, the entire world has roughly 1.57 TRILLION barrels of proven crude oil reserves.
In other words, the US is set to control ~7.1% of all proven oil reserves in the world under this new agreement with Venezuela.
At ~111 billion barrels, the US would be almost exactly in-line with the United Arab Emirates, which has 113 billion barrels of proven crude reserves, and it would exceed Kuwait's 102 billion barrels.
Assuming the agreement is structured as outlined in President Trump’s announcement, the implications for global energy markets will be enormous.
We will publish more in-depth analysis soon
10
Posted on 8/28/26 at 7:57 pm to HailHailtoMichigan!
I’ll allow it.
Posted on 8/28/26 at 7:57 pm to HailHailtoMichigan!
The clown crew posted a CNBC article that we were like a week away from have zwro resevres 
I think it was Burt Reynolds
What fools
I think it was Burt Reynolds
What fools
Posted on 8/28/26 at 7:58 pm to HailHailtoMichigan!
quote:
At ~111 billion barrels, the US would be almost exactly in-line with the United Arab Emirates,
.. who has already left OPEC.
And Venezuela is soon to follow. OPEC is finished. And once that happens the US can divest itself from the Middle East, which is the plan.
Posted on 8/28/26 at 7:59 pm to BoarEd
quote:
And Venezuela is soon to follow. OPEC is finished. And once that happens the US can divest itself from the Middle East, which is the plan.
Now THAT sounds good.
Posted on 8/28/26 at 8:00 pm to SDVTiger
quote:
The clown crew posted a CNBC article that we were like a week away from have zwro resevres
I think it was Burt Reynolds
What fools
That poster needs to change his nick. He is no Burt Reynolds
Posted on 8/28/26 at 8:03 pm to IvoryBillMatt
quote:
Now THAT sounds good.
That's what they're angling for and it's ironic that folks are trying to paint Trump as another neo-con when he is actively setting fire to the neo-con agenda.
Posted on 8/28/26 at 8:08 pm to BoarEd
quote:
the US can divest itself from the Middle East, which is the plan.
The ME loses most of their power.
They won't be on welfare, but they won't be burning wet cows with hundred dollar bills either.
Posted on 8/28/26 at 8:10 pm to LSUbest
quote:
The ME loses most of their power.
It's a checkmate on the current world order.
Posted on 8/28/26 at 8:36 pm to HailHailtoMichigan!
That is a boss move. Well done Mr President.
Posted on 8/28/26 at 8:48 pm to HailHailtoMichigan!
Posted on 8/28/26 at 8:55 pm to HailHailtoMichigan!
quote:
United Arab Emirates, which has 113 billion barrels of proven crude reserves
Damn I didn’t know they had that much. That’s insane for such a small country
Posted on 8/28/26 at 9:03 pm to HailHailtoMichigan!
Posted on 8/28/26 at 9:43 pm to HailHailtoMichigan!
HailHailtoMichigan with the story of the day.... After hearing from panicans of how bad off we are. Very Nice.
7.1 % of world supply. I'm guessing China won't like this news one bit.
Every panican, liberal, Chinese and Iranian sympathizer right now...
7.1 % of world supply. I'm guessing China won't like this news one bit.
Every panican, liberal, Chinese and Iranian sympathizer right now...
Posted on 8/28/26 at 10:08 pm to HailHailtoMichigan!
Now do ANWR …..
Posted on 8/28/26 at 10:33 pm to BoarEd
quote:
Venezuela is soon to follow. OPEC is finished. And once that happens the US can divest itself from the Middle East, which is the plan.
If you leave the ME, the petrodollar likely collapses. Unless there is some way to scheme up a western backed petrodollar vs a ME/Saudi-centric petrodollar. Most of Asia gets their oil from SA and the ME simply because of logistics. However if the straight stays closed indefinately Asia has to buy from somewhere.
Saudi would likely make a deal with China/Brics if the US leaves the region totally and then the Yuan would become the partial world reserve currency. Unless UAE, US/Venezuela form another cartel and trade off the dollar, but even all 3 of those nations combined still don't have the proven reserve capacity of Saudi, who has about 260B vs a trifecta of about 225B.
Plus if the straight stays closed or the US somehow perma blocks it, then UAE can't get oil out either.
This is not going to be nearly as easy as everyone thinks.
Posted on 8/28/26 at 10:57 pm to MightyJoeYoung
quote:
Brics
Man the scy screamers that used to post about BRICS bringing us down went into the shadows a few years back.
Posted on 8/29/26 at 12:34 am to HailHailtoMichigan!
You’ve come a long way in 10 years.
I still refuse to believe your bullshite 95% of the time, but good on you to post this appreciating what is being done for the American people.
I still refuse to believe your bullshite 95% of the time, but good on you to post this appreciating what is being done for the American people.
Posted on 8/29/26 at 12:46 am to deltaland
quote:
Damn I didn’t know they had that much. That’s insane for such a small country
It’s considerable, but what no one is considering is how much of it is economically viable to recover.
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