USA and Venezuela restore diplomatic ties, opens the door to Venezuelan oil development., $100 billion US

Our gulf coast refineries like that kind of heavy oil

Money talks, doors open, people smile.

I know good for both countries now that Maduro is ousted. 100 billion will jump start their economy.

Trump is pushing U.S. oil producers to invest $100 billion in Venezuela to jump-start the oil industry there, and his success in convincing them to do so has become all the more important.


The global oil market is reeling after U.S.-Israeli strikes on Iran shut the world’s biggest oil-shipping artery. But tankers are ferrying more crude from an unlikely source: Venezuela.

U.S. imports of Venezuelan oil have climbed to their highest level in more than a year, just months after President Trump implemented an oil blockade that crippled the shadow fleet transporting the Latin American country’s heavy crude.


More than two dozen tankers have ferried Venezuela’s oil to the U.S. Gulf Coast since the early January incursion that led to the ouster of former President Nicolás Maduro. Those tankers transported more than 280,000 barrels a day to the U.S. in February, according to market intelligence firm Kpler, the most since December 2024 when Venezuela exported over 300,000 barrels a day.

The White House wants to see those numbers grow. Trump is pushing U.S. oil producers to invest $100 billion in Venezuela to jump-start the oil industry there, and his success in convincing them to do so has become all the more important.

The president hopes to keep oil prices, a key driver of inflation, tamped down in the wake of missile strikes that for weeks could hamstring shipments through a vital oil chokepoint, the Strait of Hormuz, which runs between Iran and the United Arab Emirates.

The proven oil reserves in Venezuela are recognized as the largest in the world, totaling 300 billion barrels (4.8×1010 m3) as of 1 January 2014, though some believe those numbers to be inflated.[2][3]

Venezuela's crude oil is very heavy by international standards, and as a result much of it must be processed by specialized domestic and international refineries.



Venezuela holds the world's largest proven oil reserves: 303 billion barrels, about 17% of the global total and more than Saudi Arabia's 267 billion.12 Yet Venezuela produces fewer than 1 million barrels per day, less than 1% of global output.3

CEIC Data. "Venezuela Crude Oil: Production."
That's less than a third of what it pumped in the late 1990s and early 2000s, when production topped 3.5 million barrels daily.4


So what happened? It's the result of political decisions, economic sanctions, and the difficulty of extracting Venezuela's heavy crude.

anyhow, seeing the Middle east Gulf of Hormuz tensions, and US going to help develop Venezuelan oil using US companies, I don't suppose US will feel much of an oil dystopia, but the price will go up. At the end of the IRAN war, oil things will be normalized and even better supplies secured for the USA due to Trump.