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Posted on 03/08/2026 4:12:37 PM PDT by Libloather
The Trump administration has turned Venezuela into a significant U.S. oil supplier, Interior Secretary Doug Burgum said Sunday, arguing the shift will help offset Middle East disruptions and ease pressure from the global shipping crisis.
"[Venezuela] was a sanctioned adversary, and now they're a strategic ally with the largest reserves with no threat of the chokehold like we have in the Strait of Hormuz," Burgum told "The Sunday Briefing."
"Venezuelan oil can flow to America freely and is starting to flow, will continue to flow, and these are the kinds of things that are going to bring gas prices down in America, because President Trump understands that energy security means national security and energy security also means affordability for Americans," he said.
Burgum’s comments align with recent moves to expanding Venezuelan crude exports to the United States, with Venezuela’s state oil company Petróleos de Venezuela S.A. signing new contracts last week to supply crude oil and refined products to U.S. Gulf Coast refineries.
The agreements are part of a broader effort to re-establish commercial ties and bring Venezuelan oil back into major U.S. supply chains.
(Excerpt) Read more at foxnews.com ...
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Crude oil now at $106.
I think that is a projection and not current market price...have I ever been wrong?? lol...of course...
Did we work out a price deal, or are we subject to the
world market price fluctuations?
This makes it look like Trump thought this through and planned in taking down Maduro before going after Iran.
What the MSM and his critics supposedly on the right say he never does and and does not have.
Trump has no idea what he's doing. Right. /s
Trump is a very successful businessman who knows how the economy works. We should find some other successful businessmen to vote into office as governors and senators to keep the USA strong.
Career politicians are, far too often, corrupt or corruptible.
First Maduro snatched and Venezuela gets their oil flowing.
While that’s happening, the monsters in Iran are taken down and the flow of theirs stops.
Trash taken out. Power is hopefully returned to the people in those two places.
Here, Somali grifters, fraudsters, and illegals sent packing. Illegal gang members rounded up and behind bars.
Amazing events! Trump shows what can be done in just over a year when you have doers in charge.
What new winning can be next?
Futures price is $106.
Agreed. An amazing one-two punch no one else on earth could begin to do.
The oil coming out of the Middle East is months away from being refined, there are months of gasoline in storage waiting to be distributed so why is gas at the pump rising 8 days into this conflict?
Venezoila
That’s what SHE said…😆
I was paying almost $5/gal under Biden.
I'm sure Trump is trying to figure out how to do it.
Not only that, but way too many of them are lawyers. Modern lawyers should not be allowed to hold any law-making office. The commies infiltrated the law schools right after the J-schools.
Having big time FU money can assist in maintaining independence from the uniparty and the swamp.
you would have thought after the countless cries of “This is it, Drumpf is finished this time!” that maybe the msm would pause before making stupid statements. I guess he is just a blue light to their flies and they just can’t help themselves
Surely you can understand. Prices on existing inventories go up at the same time prices for future inventory go up. Does your house stay the same price when new homes get more expensive? Does gold someone already has stay the same price, while new gold goes up? Think about it.
Hold your own inventory where you can.
I still have ~2 months of Diesel on hand.
(Less than usual)
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