Trump Secures Control of 65 Billion Barrels of Venezuelan Oil

President Donald Trump announced a deal granting U.S. majority control over 65 billion barrels of Venezuela's proven oil reserves, representing approximately 20% of the country's total estimated reserves of 303 billion barrels. However, experts indicate that significant investment and time are needed to enhance production, which currently stands at around 1.2 million barrels per day, down from 3.5 million in the late 1990s. The projected requirement for investment to restore peak output is about $180 billion by 2040. For ordinary investors, this deal suggests a long-term but uncertain potential for oil market impact, with immediate effects on U.S. gas prices deemed unlikely.