Venezuelan oil deal

Breaking news….sanctioned Venezuelan heavy crude to be freed up to go to US and other global refiners, sold in effect on world markets. The benefits to be held in American banks for the benefit of the Venezuelan people for the rebuilding of their infrastructure. Although I’m sure somewhere in the deal the amounts legally owed to oil companies will be addressed.

So much for stealing Venezuelan oil. I tried to explain the US would never just take the oil to fools like Vaccine , but they were convinced the US was going to steal the oil.

By the way before the ignorami (sic) embarrass themselves further, Venezuelan crude can’t be processed by all refineries and many of those that can are in the US.

By the way before the ignorami (sic) embarrass themselves further, Venezuelan crude can’t be processed by all refineries and many of those that can are in the US.

Thank you for stating something we already know.

So basically the US companies go into Venezuela and profit from extracting the heavy oil, it's then exported to the US Gulf Coast where American companies who specializes in refining heavy oil profit again. The money made from selling the oil is kept in American banks where it determines how its spent? Not only would one assume that amount legally owed to US oil companies would be addressed but no doubt Venezuela would have to cover any America's investment in Venezuela oil production estimated to be $53 billion over years just to maintain current level of production of under 1 million barrels per day but that increases to $189 billion investment if America wanted to see a return to peek production level of 3 million barrels per day. It's supposedly going sold in World Markets but we are assuming America can place restrictions on who it's sold too (China would be excluded) but it will likely mostly be sold to the US.

Moz you're the only embarrassing yourself here. America is trying to effectively take control of Venezeula oil production. Potentially Venezuela could benefit from this as well, (though far less if Venezeula a proper economically literate government was running the place) but America is doing this not for the Venezuela people's best interest but because they think they can profit from it both financially and strategically.

The videos I see of Trump - he said he is taking their oil back. He says he is now in control, not America.

He also wants Venezuela to sign an exclusive deal with the United States to sell oil only to America.

Trump has said that they can no longer sell on the international market - especially to China and Russia.

I suppose it will be fine if America wants to resell Venezuelan oil to China, Russia and the rest of the global market.

I saw a YouTuber recently say this is all about the petro-dollar.

Venezuela had agreed with China to sell their oil in Yuan currency. That would continue to destabilise the dollar, pushing gold to become the global reserve again.

I also read that Trump is now threatening the former vice president (now president of Venezuela).

He is saying that unless she does exactly as he wants, she will face worse consequences than Madura.

Other than death, what is worse than being carted out of the country by special military operations?

America is rebuilding Venezuelan oil production, which was built by international oil companies in the first place. They will make their customary profit margins for those activities. All customary costs will be paid in the normal course, I’m guessing including awards from internationally decided law suits.

The rest, which will be most of the market price, is going to be sequestered in US banks for the benefit of the Venezuelan people including the cost of rebuilding. Because if it went into Venezuela right now, very little of it would be for the benefit of the people.

These funds will be meticulously administered and accounted for, perhaps under the supervision of a judge.

This has apparently been agreed with the interim government and is already looking like a major step forward, less than a week after removing the dictator. ,

One of the big problems with Trump saying that the Western hemisphere must be dominated by America, is that he still wants to access a free and fair trade market in the East and in the middle (Europe/Africa).

So it is protectionism in the Western hemisphere, but a free market for the rest of the world.

America will end up in a battle against China sooner or later.

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New: The Trump administration told Venezuela’s interim president the regime must meet several conditions before being allowed to pump more oil, according to three people familiar with the administration’s plan Among those demands: - the country must kick out China, Russia, Iran, and Cuba and sever economic ties - Venezuela must agree to partner exclusively with the U.S. on oil production and favor America when selling heavy crude oil Reporting with/

@AnneKFlaherty

@AllisonMPecorin

Moments after we reported on

@ABCWorldNews

, we learned this from the president

https://www.bbc.co.uk/news/live/cwynjdqgellt

The US are very generous with the oil of other people. Like Socialists...

By the way, the OP is absolute non sense as very often. Control over trade is about controlling trade lanes and trade flows. Which the US are looking for in this mess.

Already stated, China is on very different dynamics than the US: China trades goods vs goods. They want to flood a market with Yuan so that this market uses Yuan to buy Chinese goods in Yuan. On the other side, the US trade debt versus goods, they want to flood a market with USD so this market uses the USD to buy stocks and bonds. Which is probably going to happen for Venezuela; The Venezuelan treasury is going to own a lot of bonds. Which will not help the very large majority of Venezuelans, only a fraction like 10 to 15 per cent of the population.

Venezzzzuelan Oil production ws done at 0% of caacity. By Investment in the inditry by Inernational companies it ill increse by 80% and the money will ahve to b e used for t he benefott of the people of V enezuela. - not for the inevestment by the C ommu nist Regime members in theior names in S witzerland,

CHavez and Maduro turned the welathiest country in South Amrerica into the poorest one. with millions off people fled from the country because they were staring with the agricultutal sector also collasing and the infrasructre gone down the drain.

At the moment there are no US troops in Venezuela and the iodeal siotuation would be that a democratic election b held in 3 months time under international supervision to remove the presenmt Regime totally from pwer,

Opposition leaders know what is required, Trump cannot let the US taxpayers pay for running the countr y and h knows it - Ukraine sis a b tter lession where 70 % ofthe aid was looted r kicked back to US politicans,

A fter the Wat audit of what hppened with US A id funding are going to a lot of people in both UIkraine and the U SA land in jail.

Trumps latest on Venezuela

I have just been informed that Venezuela is going to be purchasing ONLY American Made Products, with the money they receive from our new Oil Deal. These purchases will include, among other things, American Agricultural Products, and American Made Medicines, Medical Devices, and Equipment to improve Venezuela’s Electric Grid and Energy Facilities.

In other words, Venezuela is committing to doing business with the United States of America as their principal partner — A wise choice, and a very good thing for the people of Venezuela, and the United States.

Yes, Stav, I also read the same article. How could a country with a poor currency afford making all of their imports from a country with a strong currency.

Every US ally prospers….this is all working out well for the Venezuelan people. About damn time 30 wasted years.

It is very funny. By the way, Trump is epic. This dude acts with such diligence to state policies that keep confirming speculation made on this board.

Trump's desired trade policies is mercantilism. It tells that Trump knows that China's trade offer is more adequate for the larger population of Venezuela than the US and therefore the US must tie Venezuelan consumption. This kind of captive trade relationship was largely used during the openly colonial era. Venezuela will sell its oil specifically to buy US goods and services. This will speed up the impoverishment of Venezuela. That is another difference wit trading with China which will offer more in return for each of oil barrel sold, giving Venezuela an opportunity to lift out of poverty..

Every US ally prospers….this is all working out well for the Venezuelan people. About damn time 30 wasted years.

Of course, every US ally prosper. It can not be otherwise. The US can not even accept that at home, the population descending from slaves has grown poorer since the days of slavery. It is a huge achievement. A population that started with a zero net worth is now trending to be worth a negative net worth. Bu the way, as for many other things, this population is just ahead of the curve. This outcome will hit many populations around the population as they are caught in liberal schemes.

Yes, Stav, I also read the same article. How could a country with a poor currency afford making all of their imports from a country with a strong currency.

Liberals can not accept the society as they have shaped it. They must keep their head in the sand. They can not do otherwise.

A country population is not an undivided entity (contrary to the liberal claim)

Venezuela will apply the blueprint in action in the US. Due to high concentration of wealth, a smaller segment of population can generate a larger share of the metrics liberals look at to gauge of a country's prosperity GDP, economic growth etc

The situation is so blatant now that the WSJ had to write a piece to contain the situation and control the narrative. The article focused on 10 per cent of the US population and reported its weight against the rest of the population in the creation of indicators like GDP, economic growth etc

In the US, 10 per cent of the population is not enough. The bar must be raised to 25 per cent of the population, which gives accurate numbers to measure the phenomenon. Compared to the other 75 per cent of the population, this 25 per cent weighs a lot. One last episode in this charade was not the surprising not so surprising US growth number..

It is very funny. The OP is priceless.Of course, it remains to be seen if Trump manages to enact its mercantilist policies. Liberals are not almighty and their grip on the global world order is weakening.

Nevertheless, Trump issuing his desire confirms: it is not about stealing oil. It is about trade control, controlling trade fluxes. The US want to allocate Venezuelan oil.

Good day to start a day because so much laughter. Liberals always use the same blueprint. They claim an objective, a plan other than theirs. Here, it is about stealing oil. When they are corrected and pointed at the proper objective, proper plan (here control of trade, trade flows), they claim they do not understand. This is how Trump is great because he has no respect for liberals. The dude came out and revealed the plan: control over trade.

And they worship Trump. Of course, this massive cognitive dissonance will play a large part in the grand finale: liberals killing hundreds of millions people.

Another remark: this is how liberal right, far right wing factions are preferred to enact the scheme. They are by design adapted to ensure the welfare of a smaller segment of the population. Left wing factions are out in the dust as they must ensure a larger segment of population welfare. They do not fit.

Venezuela will be a huge success: 10 to 15 per cent of the population will thrive and be able to maintain under a yoke the rest of the population.