EconomyTrump’s Venezuela oil deal is no quick fix or fair trade: Analysis

Donald Trump says Venezuelan oil will soon replenish the US strategic reserve, calling it a Venezuelan “gift” and blaming Biden for draining it. But the reserve is below 300 million barrels, its lowest level since 1982, and the deal’s 55 percent US stake in heavy crude requires refineries, storage and pipelines that could take years to build. No oil is expected to reach the reserve before the midterms.

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