This is absolutely insane:
— The Kobeissi Letter (@KobeissiLetter) January 3, 2026
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…
his 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.
Replies
Hahahahahahahahaha ROFLMAO, this was beautiful.
Now we all need to pray it all works out for the Venezuelan people and many living outside of their country will be able, will want to go back to rebuild and make it into a fantastic destination for Americans. I'm tired of supporting Mexico and her cartels!
A Twofer. Lovely.