Trump's Venezuela Deal: A Long Shot to Lower Gas Prices The recent announcement by President Donald Trump that the US has secured majority control over 65 billion barrels of Venezuela's proven oil reserves has sparked excitement in some quarters, but experts say it won't deliver lower gas prices anytime soon.
The terms of the deal are shrouded in mystery, and the massive investments required to extract these reserves will take years to materialize.
The Trump administration claims that this deal will "substantially lower gas prices for all Americans, long into the future. " However, this assertion is at odds with the current state of global energy markets.