Good enough for someone with the IQ of a MAGA? Now what will be your next "medicine" induced reply? https://www.forbes.com/sites/scottmontgomery/2026/09/04/claims-and-facts-about-venezuela-oil-dealit-wont-save-the-spr/ Claims And Facts About Venezuela Oil Deal—It Won’t Save The SPR Washington's new oil deal with Venezuela presents an irony: the US seeks future Venezuelan production while its Strategic Petroleum Reserve (SPR) is at a 45-year low. The agreement grants North American Blue Energy Partners 100-year concessions for 17 fields, with the US government taking a stake and purchase rights. However, boosting Venezuela's output significantly will require $100 billion in investment and take 3-5 years, potentially over a decade to reach past levels. Despite claims, this deal won't immediately lower gas prices, double US reserves, or shift global energy geopolitics. Crucially, Venezuela's heavy, sulfur-rich crude is unsuitable for direct injection into the aging SPR, which itself needs urgent repair and refilling after recent drawdowns exposed infrastructure deficiencies. The deal underscores the SPR's critical state but offers no quick solution for its replenishment or immediate energy security.
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