US: Trump claims that intervention in Venezuela is lowering gasoline costs and accelerating development

US: In describing his energy, economic, and security agenda, President Donald Trump included Venezuela, claiming that recent US efforts in the South American country were assisting in bringing down gasoline costs and promoting economic development.

Speaking at the Detroit Economic Club, Trump said that US engagement with Venezuela had been fruitful and that it was now contributing to an increase in the supply of energy.

Trump described the operation as “as flawless an attack as there has ever been” and said, “Even Venezuela wasn’t too bad, was it?”

He mentioned Venezuela’s oil riches as a key component of the endeavor and said that the US was now collaborating with Venezuelan officials.

Trump said, “They have 50 million barrels of oil.” “Take it, it’s $5 billion, and we did,” they said.

According to Trump, the oil is being imported into the US for processing and will contribute to a decrease in gas costs.

He said, “We’re bringing it in to be refined.” “It’s an amazing sensation.”

He emphasized the scope of the situation, pointing out that dozens of huge boats would be needed to transport the oil.

According to Trump, “one million barrels can be transported by the largest ships in the world.” “Just to get it out, we need fifty of the largest ships in the world.”

Trump made a clear connection between declining U.S. gasoline costs and Venezuelan oil.

In reference to gas prices, he said, “With our incredibly successful operation in Venezuela earlier this month, that number is going to go lower soon.”

He said that the cost of petrol had already dropped significantly. According to Trump, “in 17 states, gasoline is now less than $2.50 per gallon.” “In many places, under $2.”

Trump said that the economy was feeling less strain as a result of falling energy prices.

“Everything comes down when gasoline becomes $1.99 per gallon,” he said. “The donuts descend. When the donut delivery truck arrives, it descends.

Trump said that the United States had been headed in a hazardous direction and compared the present state of affairs to that of the previous government.

“We would have been Venezuela on steroids if they had won the election less than a year ago,” he said.

He said that the government was now working with Caracas and had changed that course. Trump said, “I am now Venezuela’s biggest fan.” “We’re collaborating with them.”

Trump said that a larger supply of oil would boost economic expansion and enable further price reductions.

He said, “We will cooperate with Venezuela.” “We’ll rebuild that nation’s strength.”

Trump also connected Venezuela to his larger story about immigration and security. He said that enforcement actions were in progress and accused the nation of transferring criminals to the US.

“They emptied their prisons almost entirely into the United States, which is one of the reasons I was so angry with Venezuela,” he said.

He said that the government was expelling members of the Tren de Aragua gang, describing it as “one of the most violent gangs anywhere in the world.” Trump said, “We’re getting them out.”

Trump put Venezuela in the context of previous foreign policy initiatives that he deemed successful, including attacks on Iran’s nuclear facilities and operations against terrorist leaders, which he also referred to as “flawless.”

He claimed that reining down inflation and boosting economic confidence depended heavily on energy policy.

“Everything else comes down when you see energy coming down as I brought it down, gasoline coming down,” he said.

Although Venezuela has some of the greatest known oil reserves in the world, production has been hampered for years by political unrest, infrastructural issues, and sanctions. Global energy markets have often been impacted by shifts in US policy on Venezuelan oil.

In the United States, energy costs continue to be a major political concern, particularly in light of the pandemic’s aftermath and worldwide supply problems. Trump has always maintained that maintaining growth and reducing inflation need an increased supply of energy, especially from outside sources.