‘Money will be controlled by me!’ | Trump stuns world, orders $2.8BN Venezuela Oil transfer to US
By The Economic Times
Venezuela Oil & US Military Operation: Remarks by Donald Trump
Key Concepts:
- Venezuelan Oil Reserves: Venezuela possesses the world’s largest proven oil reserves.
- Operation to Remove Maduro: A US-backed military operation aimed at removing Nicolás Maduro from power in Venezuela.
- Oil as Compensation: The potential transfer of 30-50 million barrels of Venezuelan oil to the US as compensation, valued at $2.8 billion.
- US Military Superiority: Emphasis on the US military’s power and technological advantage.
- Border Security & Gangs: Concerns regarding border security and the influx of criminal gangs, specifically “Tren de Aragua.”
1. Oil Acquisition & Financial Control
President Trump announced that Venezuela would be transferring 30 to 50 million barrels of oil, estimated to be worth approximately $2.8 billion, to the United States following a military operation intended to remove President Nicolás Maduro. Trump stated he would personally control the funds generated from the sale of this oil, ensuring its use to benefit both the Venezuelan people and the United States. He reiterated this control in a social media post: “This oil will be sold at its market price and that money will be controlled by me as president of the United States of America to ensure it is used to benefit the people of Venezuela and the United States.” He predicted the US oil industry would be operational in Venezuela within 18 months, anticipating significant investment.
2. Details of the Military Operation
Trump described the operation as an “amazing military feat,” highlighting its tactical brilliance and the lack of US casualties. He claimed that while “nobody was killed” on the US side, “a lot of people were killed” on the opposing side, specifically identifying “Cubans, mostly Cubans.” He emphasized the element of surprise, noting that electricity was cut off across almost the entire country, indicating the operation’s effectiveness. He stated, “The electricity for almost the entire country was boom turned off. That's when they knew there was a problem.”
3. Criticism of Political Opponents & Media
Trump heavily criticized Senator Chuck Schumer, labeling him a “bad guy” and expressing disappointment in the lack of acknowledgment for the operation’s success from political opponents. He contrasted this with his own willingness to praise accomplishments regardless of political affiliation. He also launched a scathing attack on the media, claiming 97% negative coverage on one network and 93% on another, yet still winning the election in a “landslide.” He concluded that this demonstrates the media’s lack of credibility. “The press has no credibility whatsoever,” he asserted.
4. US Military Capabilities & Production Concerns
Trump repeatedly emphasized the unparalleled strength of the US military, describing it as “the most powerful, most lethal, most sophisticated, and most fearsome… on planet Earth.” He stated, “Nobody can take us. Nobody.” While acknowledging this strength, he expressed concern about the speed of weapons production, stating that allies often face years-long waits for equipment. He vowed to address this issue by pressuring defense contractors to accelerate production. He boasted about his personal success in Boeing sales, claiming to have sold “over a thousand” planes, but lamented the lengthy delivery times. “I’ve sold more Boeing planes than any man in history by by far,” he stated.
5. Border Security & the “Tren de Aragua” Gang
Trump shifted focus to border security, expressing alarm over the influx of criminal gangs, particularly the Venezuelan “Tren de Aragua.” He described the gang as “the worst gang in the world,” surpassing even US motorcycle gangs in brutality. He cited an incident in Colorado where members of Tren de Aragua allegedly cut off a landlord’s fingers after he called the police about their occupation of his building. “They cut off his fingers… If you call him again, the next time your hand comes off,” he recounted. He characterized individuals entering the US as “animals” and asserted that Washington DC is now “the safest city in the country” due to these efforts. He also mentioned individuals from the Congo entering the US through open borders, describing them as “extraordinarily tough people.”
6. Political Commentary & Signage
Trump digressed into commentary on political demonstrations, criticizing the appearance of protesters and suggesting they were “paid.” He jokingly expressed admiration for the quality of their signage, even wanting to identify and hire their sign maker for the Republican campaign. He contrasted this with older, homemade signs, stating, “They’d make a sign in the basement… and it meant something.”
Data & Statistics:
- Oil Value: 30-50 million barrels of Venezuelan oil valued at $2.8 billion.
- Media Coverage: 97% negative coverage on one network, 93% on another.
- Boeing Sales: Trump claims to have sold over 1,000 Boeing planes.
- Weapons Delivery Times: Allies face waits of 4-5 years for planes and helicopters.
Synthesis/Conclusion:
Trump’s remarks centered on the perceived success of a military operation in Venezuela, the potential acquisition of Venezuelan oil as compensation, and a reaffirmation of US military dominance. He simultaneously attacked political opponents and the media, while raising concerns about border security and the threat posed by criminal gangs. The speech was characterized by hyperbole, personal anecdotes, and a strong emphasis on projecting strength and control. The core message conveyed was a narrative of American power, economic opportunity through resource acquisition, and a need for stricter border enforcement.
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