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In It to Win It

(12,890 posts)
Tue Jan 6, 2026, 09:56 PM Jan 2026

Venezuela to export $2 billion worth of oil to US in deal with Washington [View all]

HOUSTON/WASHINGTON, Jan 6 (Reuters) - Caracas and Washington have reached a deal to export up to $2 billion worth of Venezuelan crude to the United States, U.S. President Donald Trump said on Tuesday, a flagship negotiation that would divert supplies from China while helping Venezuela avoid deeper oil production cuts.

The agreement is a strong sign that the Venezuelan ​government is responding to Trump's demand that they open up to U.S. oil companies or risk more military intervention. Trump has said he wants interim President Delcy Rodriguez to give the U.S. ‌and private companies "total access" to Venezuela's oil industry.

Venezuela has millions of barrels of oil loaded on tankers and in storage tanks that it has been unable to ship due to a blockade on exports imposed by Trump since mid-December.

The blockade was part of rising U.S. ‌pressure on the government of Venezuelan President Nicolas Maduro that culminated in U.S. forces capturing him this weekend. Top Venezuelan officials have called Maduro's capture a kidnapping and accused the U.S. of trying to steal the country's vast oil reserves.

https://www.yahoo.com/news/articles/exclusive-venezuela-us-talks-export-201017077.html
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Koch brothers have the only refineries set up for their heavy crude, they are doing tRump dances right now. nt yaesu Jan 2026 #1
Here is a video of why most of America's refineries need heavy oil. Swede Jan 2026 #10
I read that the Venezuelan oil is a very low grade, barely usable for making asphalt pavement...guess we need that... wcmagumba Jan 2026 #2
High viscosity high sulfur. Same kind of refinery that runs Canadian quality oil. Melon Jan 2026 #4
Right. Exactly. In It to Win It Jan 2026 #6
I had written a post on the big loser of this could be Canada a few days ago... Melon Jan 2026 #8
I agree. US refineries have a lot of capacity but it's not unlimited like you said. In It to Win It Jan 2026 #12
Yes, on the Gulf (of Mexico) coast; Disaffected Jan 2026 #14
It's extra-heavy oil, but we can refine it. US refineries are optimized for heavy oil. In It to Win It Jan 2026 #5
Thanks... wcmagumba Jan 2026 #7
The profits from this will go directly to DONALD TRUMP'S personal accounts. CousinIT Jan 2026 #3
He's stealing it. AloeVera Jan 2026 #9
It's not 'negotiation' when one side commands and the other side obeys. Norrrm Jan 2026 #11
Shakedown 0rganism Jan 2026 #13
'Trump said' bigtree Jan 2026 #15
Anyone else confirm this MorbidButterflyTat Jan 2026 #16
That fast eh. The smoke hasn't even settled. miyazaki Jan 2026 #17
And how much of that will benefit the starving citizens of Venezuela ??? Jack Valentino Jan 2026 #18
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