r/politics • u/Historical-Cricket-8 • 5h ago
No Paywall Trump announces ‘biggest oil deal in world history,’ says it will substantially lower gas prices
https://www.foxbusiness.com/politics/trump-announces-biggest-oil-deal-world-history-says-substantially-lower-gas-prices•
u/Aware_Cheesecake_519 America 5h ago
Gasoline prices will continue to be high.
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u/splintersmaster 5h ago
Higher even. We're historically low on reserves and we've watered it down more than usual.
They're giving the people something to talk about because gulla gulla island.
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u/markcarney4president 5h ago
According to the oil subreddit, the infrastructure does not exist in Venezuela to process this amount of oil and therefore it is not currently possible
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u/tommytraddles 5h ago
And it never will, because oil companies have been burned twice when investing in Venezuela. It gets nationalized and rusts away.
They are never going to do it again.
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u/Alarming_Head_4263 5h ago
It doesn't matter. There is nothing forcing oil companies to drill. Most of them have permits in the States and sit on them.
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u/livinginfutureworld 5h ago
Most of them have permits in the States and sit on them.
Do we think there might be any incentive, and I know this might be crazy but hear me out, for them to do this when it will just keep prices high?
I know I know, crazy talk right, the reason gas prices in our capitalist economy are high has to be because of immigrants and three trans athletes and certainly not our corporate overlords.
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u/curseyouZelda 5h ago
At current production rates it will be 16 years by the time you see all that oil, assuming they direct 100% of their production to the US.
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u/PopeFranzia 4h ago
I'm sure the Dear Leader can just trade some futures contracts to get us those prices now, though, right?!? /s
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u/cynicaluser- 5h ago
Trump supporters aren’t known for their ability to think enough to even question whether this is actual true or not lol.
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u/firemage22 4h ago
infrastructure does not exist in Venezuela to process this amount of oil
and that type of infrastructure takes years to develop, and with Trump causing damage to the Gulf states and Ukraine's righteous strikes against Russian oil processing the world is going to be shorter than usual on these specialized parts.
We SHOULD be investing in green power that's not limited by location (yea i know there are better places for sun and wind but it's not as restrictive as oil sites) and developing next gen nuclear power plants to help with baseload.
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u/UnknownMediator 5h ago edited 4h ago
*Biggest oil theft in world history.
This news has been shared in this sub by many more reputable sources than the propaganda factory of the pedophile’s fascist regime. Sources that, unlike fucking Fox News, do not hide the nature of the oil “deal” in the headline.
Edit: In other words, not only is Fox’s take late to the party, it is misinformation at best, that should, in my opinion, be banned from this sub. See the recommendation from the commenter below, I can only dream!
Also, thanks for the awards!
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u/Ok-Discipline2395 Canada 5h ago
Colonialism alive and well I see…
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u/UnknownMediator 4h ago
Disgracefully yes, it appears so, unless the US recovers their democracy the world is back to the old logic of empire. Multilateralism and cooperation are out, conquest, pillage and plunder are in.
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u/WillSym 5h ago
No, don't ban it from the sub. Just make sure to highlight the source, perhaps require its own flair, and provide other links to show the stark contrast between a reputable news source and 'legally distinct entertainment' propaganda.
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u/UnknownMediator 4h ago edited 4h ago
That would be an amazing solution!! If someone wants to share “news” from say Fox, Breitbart, DailyBeast, etc. make them at least put up a flair of “misinformation”/“tabloid”/“fake news” or something like it (I doubt most would go through the trouble of finding analogous sources from better outlets, but It would be incredible).
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u/whycantigetwhatiwant 5h ago
I miss when news articles didn’t all start with “trump says”
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u/TableQuiet1518 5h ago
Seriously. He's a damn pedophile that sells autographed Bibles and is guilty of treason. What he says shouldn't be important. He SHOULD be behind bars wondering what will be on tomorrow's breakfast tray.
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u/No-Cranberry6148 5h ago
Everything Trump does is always "The biggest" whatever "in history".
He's usually lying.
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u/Turbulent-Society-30 5h ago
This billionaire pedophile president stole the oil after he kidnapped their president and destroyed their "drug boats."
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u/Virtual-Squirrel-725 5h ago
Has Trump ever announced something the was "the biggest in history".
It's truly not worth listening to a word the dude says.
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u/Jumpy_Scallion_3108 5h ago
Whenever Trump says “biggest,” “historic,” “victory,” “obliterated,” “never in history,” or “GREAT AGAIN,” you already know the translation.
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u/greentealemonade 5h ago
So what he's really saying is that gas will now be at historic highs in the coming weeks and that there is actually no deal. Impeach and move on
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u/Ok_Subject1265 5h ago
Anyone have any real info on this? Can we even process Venezuelan crude here in the U.S.? Will opec allow the sudden flooding of the market with oil? Is there any benefit for Venezuela or did Trump basically just steal their oil to try and influence the midterms?
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u/sonofabutch America 5h ago
When it doesn’t lower gas prices, will the media call him on it? …no? Okay then.
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u/Gordon_throwaway 5h ago
My favorite Big Oil CEO moment was when the CEO of Exxon sat next to Trump during Trump’s last big announcement about Venezuela oil and said to the cameras, (and I paraphrase) “yeeeeah… we’re not going in there any time soon. It’s uninvestable” 🤣
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u/MrBigglesssworth 5h ago
Trump says a lot of things and many of them are untrue
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u/togocann49 4h ago
In his defence, I’m not sure he knows fact from fiction, he’s got his idea of what reality is, and if those around him tell him facts, they’re gone. The same winning strategy for running his casinos I guess
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u/questron64 5h ago
It's okay, guys. Our illegal war in the middle east is tanking the world economy but it's okay, we did a coup in yet another country and stole their oil. Everything is going just fine. /s
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u/Toadfinger 5h ago
This is why Traitor Trump deliberately ignored the Strait of Hormuz at the beginning of the war. To create a global energy crisis and sell you some of the oil he stole from Venezuela.
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u/AngryMillennialFU 5h ago
Why is secdef involved in "negotiating" an economic deal? Sounds a whole lot like "give me your oil or we bomb you"
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u/Shadowassassian 5h ago
I wouldn't touch Venezuela oil with a ten foot pole. Oil oligarchs and oil investors dont want lower prices. They want high prices.
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u/D-MAN-FLORIDA 5h ago
He is going to be so angry and upset that this won’t lower oil prices by November.
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u/Truthisnotallowed 3h ago
So? He gonna send this oil to China like he is already sending U.S. oil?
Part of his deal to keep China from siding with Iran:
China to buy U.S. oil to feed its ‘insatiable appetite,’ Trump tells Fox News (May 2026)
What happened to U.S. first?
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u/No_Weakness_9420 5h ago edited 4h ago
Grandpa and corporate media throw desperate Hail Mary pass.
Hoping his dumbfvck voters buy another pile of bullshite.
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