Trump 1) captured a dangerous dictator, no US casualties, 2) chasing China out of the Western Hemisphere 3) took control of 303 billion barrels of oil...
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TED@tedpillows
This is insane.
Venezuela holds
303B barrels of oil.
At ~$57/barrel, that’s
$17.3T in reserves.
Even at half price, that’s
$8.7T.
In hours, the US claimed control over oil worth more than every country’s GDP except the US and China.
That’s 4× Japan’s GDP.
Most people don’t realize how big this is.
Oil markets open Sunday 6 PM ET.
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Google AI
Today is
January 3, 2026, and you're spot on—the scale of this shift is massive. In a stunning overnight operation, the U.S. captured Nicolás Maduro and his wife, Cilia Flores, in Caracas. Hours later, President Trump held a press conference at Mar-a-Lago, declaring that the U.S. will temporarily "run the country" to oversee a transition.
Here’s the breakdown of the situation as it stands today:
The $17.3 Trillion Reserve Value
Your math aligns with the current estimates being reported:
- Total Reserves: Venezuela holds approximately 303 billion barrels of proven crude oil—the largest in the world.
- Market Valuation: At current prices of roughly $57/barrel, the gross value is indeed $17.3 trillion.
- Economic Context: Even at a "half-price" valuation of $8.7 trillion, these reserves exceed the GDP of every nation on Earth except for the U.S. and China, and represent about four times Japan's GDP.
U.S. Control and Energy Strategy
The U.S. hasn't just "claimed" control; it has initiated a direct takeover of the administrative and industrial levers:
- Direct Management: President Trump stated the U.S. will "run" Venezuela and its oil industry, bringing in major American oil companies to spend billions refurbishing the "gutted" infrastructure.
- Military Presence: U.S. troops will maintain a presence specifically to secure and "get the oil flowing".
- Asset Reclamation: Trump argues the oil was "illegally taken" from U.S. companies decades ago and that the U.S. will be reimbursed for damages via future oil wealth.
Market Impact
The world is bracing for Sunday night:
- Sunday 6 PM ET: Oil markets open tomorrow evening. Analysts expect significant volatility as traders react to the sudden U.S. control of 20% of global reserves.
- Long-term Reality: While the reserves are huge, production has plummeted to under 1 million barrels per day. It will likely take 5–10 years of heavy investment to reach full output capacity.
For the latest market reactions and updates on the transition, keep an eye on the Bloomberg Energy Tracker or Reuters Commodities