The President of the United States recently shared his views on global oil reserves and international energy relations while speaking to journalists. He said that the United States and Venezuela together control about 55 percent of the world’s oil reserves, giving both countries a very strong position in the global energy market.
He also stated that countries like Russia and China are free to buy oil from either the US or Venezuela without any restrictions.
During the discussion, the president spoke about his relationship with the Russian president. He described him as a good person but admitted that he feels disappointed by some of his actions. His remarks suggested that while there may be personal respect, political differences still remain between the two countries.
The US president also revealed that his administration is considering major investments in Venezuela. He said that investments of up to $100 billion are being discussed, mainly focused on rebuilding and modernizing Venezuela’s oil industry. According to him, the country’s oil sector has suffered for years due to lack of investment and poor infrastructure.
He explained that future talks will focus on how to restore oil production, improve facilities, and bring stability back to the industry. Such investments could also help create jobs and support economic recovery in Venezuela.
Analysts believe that if these plans move forward, they could have a significant impact on global oil markets. Stronger cooperation between the US and Venezuela could reshape energy trade and influence relationships with other major oil-producing nations.
