Trump Announces Venezuela Will Send Up to 50 Million Barrels of Oil to the U.S., With Proceeds Under His Control

President Donald Trump announced that Venezuela’s interim authorities will transfer between 30 million and 50 million barrels of sanctioned Venezuelan crude oil to the United States, marking a dramatic shift in U.S.–Venezuela energy relations. Trump said the oil will be sold at market prices, and the proceeds will be controlled by him to “benefit the people of Venezuela and the United States,” with Energy Secretary Chris Wright responsible for executing the plan. The oil is to be taken from storage ships and delivered directly to U.S. ports. However, legal experts have raised questions about whether the president can unilaterally control the revenue, as U.S. law generally requires Congress to appropriate federal funds. Practical challenges remain, including U.S. refinery capacity to handle Venezuela’s heavy crude. The deal comes after the U.S. military captured Venezuelan President Nicolás Maduro, who later pleaded not guilty to federal charges in New York. Trump is also planning meetings with executives from Chevron, ExxonMobil, and ConocoPhillips on potential investments in Venezuela’s oil sector. #VenezuelaOil #TrumpAdministration #EnergyPolicy #Geopolitics #SlimScan #GrowthStocks #CANSLIM