After the air strike on Venezuela and taking Nicolas Maduro hostage, US President Donald Trump has made another big announcement. Trump has given a big statement regarding Venezuelan oil. He has claimed that the Venezuelan interim government will give 30 to 50 million barrels of oil to the US. America, this oil will be sold at market price.
Giving this information in a post on his social media account Truth Social, President Trump said that he himself will control the money received from selling oil from Venezuela. He also explained that oil from Venezuela would be transported by storage ships and brought directly to unloading docks in the US.
I will have control over the money- Trump
US President Trump wrote in his truth post, “I am pleased to announce that the interim government of Venezuela will deliver 30 to 50 million barrels of high-quality, banned oil to the United States. This oil will be sold at market price, and I, as President of the United States, will control that money to ensure that it is used for the benefit of Venezuela and the people of the United States! I shared this plan with Energy Secretary Chris Wright. Asked to be implemented immediately, it will be transported by storage ships and brought directly to the unloading dock in the US.
According to media reports, Trump’s announcement came hours after Venezuelan officials said that at least 24 Venezuelan security officers were killed during a late-night US military operation that led to the capture of Venezuelan President Nicolas Maduro, who was extradited to the United States to face drug trafficking charges.
US produces so many million barrels of oil every day
The US itself produces about 13.8 million barrels of oil per day and at current prices for US benchmark West Texas Intermediate, the said volume could reportedly be worth more than $2.8 billion, Bloomberg reports.
Trump’s decision appears to be focused on new and existing production. However, the President has also praised Venezuela’s huge oil potential. Caracas has vast oil reserves, but has seen its production decline from its 1970s high following decades of tension and the departure of some American oil companies.