>>172795, >>172796, >>172797, >>172798, >>172799, >>172800, >>172801, >>172802, >>172803, >>172804, >>172805, >>172806, >>172807, >>172808, >>172809, >>172810, >>172811, >>172812, >>172813, >>172814, >>172815, >>172816, >>172817, >>172818, >>172819, >>172820, >>172821, >>172822, >>172823, >>172824, >>172825, >>172826, >>172827, >>172828, >>172829, >>172830, >>172831, >>172832, >>172833, >>172834, >>172835, >>172836, >>172837, >>172838, >>172839, >>172840, >>172841, >>172842, >>172843, >>172844, >>172845, >>172846, >>172847, >>172848, >>172849, >>172850, >>172851, >>172852, >>172853
The Kobeissi Letter @KobeissiLetter - This is absolutely insane:
Venezuela currently has 303 billion barrels of crude oil reserves, which Trump says the US now controls.
Oil prices are trading at ~$57/barrel, making Venezuela's total reserves worth $17.3 TRILLION.
Even if the US sells this oil for HALF of the market rate, that's still $8.7 TRILLION.
In other words, in 12 hours, the US has gained control of oil reserves worth more than the entire GDP of ALL countries in the world, aside from the US and China.
That's 4 TIMES larger than the GDP of Japan.
Most people do not realize how much the world just changed.
Oil markets will react to this news for the first time on Sunday at 6 PM ET.
The next few days will be critical.
https://x.com/KobeissiLetter/status/2007510033521881177

Kurt Schlichter @KurtSchlichter - The 10 Best Things About Trump’s Venezuela Victory:
10. America’s enemies are terrified
9. Democrats went from siding with Somali fraudsters early in the week to communist narco terrorists who ignored democracy by the weekend
8. Libertarians are upset
7. Unleashing Venezuela's oil production will screw the Iranians and the Russians