US Seeks Massive Oil Deal with Venezuela Amid Maduro's Capture
In a dramatic turn of events following the capture of Venezuelan President Nicolás Maduro, US President Donald Trump has announced plans to secure up to 30 million barrels of oil from Venezuela at market price. This deal, which could be worth around $2.8 billion, would mark a significant shift in the country's energy policy and raise concerns about US involvement in Venezuela's affairs.
Trump made the announcement on his social media platform Truth Social, stating that the oil will be transported to US storage ships and then brought directly to unloading docks in the United States. The deal is expected to benefit both the people of Venezuela and the US, with Trump claiming that it would "benefit the Venezuelan people and the United States."
The move comes as Maduro's fate remains uncertain, with the US seeking his extradition on drug trafficking charges. While some have welcomed the capture as a significant step towards bringing a notorious figure to justice, others have expressed concerns about the implications of the deal and potential overreach by the US.
Critics argue that the move could set a dangerous precedent for US intervention in foreign affairs, particularly in countries with oil reserves. The US has long been critical of Venezuela's government, but this latest development raises questions about the limits of US involvement.
In a press conference earlier this week, Trump grumbled about the criticism he received from Democrats regarding the operation to capture Maduro. He noted that his predecessor Joe Biden had also called for Maduro's arrest on drug trafficking charges, sparking a heated debate in Washington over the use of military force abroad.
The deal itself is significant, with Venezuela boasting the world's largest proven crude oil reserves. However, the country's production has been severely impacted by economic sanctions and internal instability, leaving it struggling to meet even its own energy needs.
As the situation in Venezuela continues to unfold, it remains to be seen how this massive oil deal will play out and what implications it may have for US-Venezuelan relations and global energy markets.
In a dramatic turn of events following the capture of Venezuelan President Nicolás Maduro, US President Donald Trump has announced plans to secure up to 30 million barrels of oil from Venezuela at market price. This deal, which could be worth around $2.8 billion, would mark a significant shift in the country's energy policy and raise concerns about US involvement in Venezuela's affairs.
Trump made the announcement on his social media platform Truth Social, stating that the oil will be transported to US storage ships and then brought directly to unloading docks in the United States. The deal is expected to benefit both the people of Venezuela and the US, with Trump claiming that it would "benefit the Venezuelan people and the United States."
The move comes as Maduro's fate remains uncertain, with the US seeking his extradition on drug trafficking charges. While some have welcomed the capture as a significant step towards bringing a notorious figure to justice, others have expressed concerns about the implications of the deal and potential overreach by the US.
Critics argue that the move could set a dangerous precedent for US intervention in foreign affairs, particularly in countries with oil reserves. The US has long been critical of Venezuela's government, but this latest development raises questions about the limits of US involvement.
In a press conference earlier this week, Trump grumbled about the criticism he received from Democrats regarding the operation to capture Maduro. He noted that his predecessor Joe Biden had also called for Maduro's arrest on drug trafficking charges, sparking a heated debate in Washington over the use of military force abroad.
The deal itself is significant, with Venezuela boasting the world's largest proven crude oil reserves. However, the country's production has been severely impacted by economic sanctions and internal instability, leaving it struggling to meet even its own energy needs.
As the situation in Venezuela continues to unfold, it remains to be seen how this massive oil deal will play out and what implications it may have for US-Venezuelan relations and global energy markets.