Energy

U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves, Trump says - NBC News

Source: NBC News

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DW NOTE

The Strait is closed, Russia just launched 260 missiles at Ukraine, and 2,000 ships sit stranded in the Gulf — but Trump wants you focused on Venezuelan heavy crude that needs $80 oil and $15 billion in refinery upgrades to be commercially viable. The reserves were always there. The infrastructure to move them profitably was not. This is a photo-op with a geological survey attached.

Read the full story at NBC News →

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U.S. has entered deal with Venezuela to take control of 65 billion barrels of oil reserves, Trump says - NBC News

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