White House BOMBSHELL: US 'Already' Marketing Venezuelan Oil Worldwide

Asianet News English

The White House just confirmed the US is actively marketing Venezuelan oil on global markets. Unpack the statement by WH press secretary on how Trump is cashing in global energy markets.

Transcript

00:00part of this 30 to 50 million barrels of oil how exactly is that going to work you're getting it

00:06out of it as well into the united states yes that's exactly right so as you know ed as the

00:11president announced last night this was the sanctioned oil that was basically just sitting

00:15in barrels sitting on ships because of the effective quarantine of the united states of

00:20america and these the interim authorities have agreed to release that oil to the united states

00:24so it will be arriving here at home very soon the united states government has already begun

00:29marketing venezuelan crude oil and the global marketplace for the benefit of the united

00:33states engage the world's leading commodity marketers key banks to execute and provide

00:38financial support for these crude oil and crude product sales all proceeds from the sale of

00:44venezuelan crude oil and products will first settle in u.s controlled accounts at globally recognized

00:50banks to guarantee the legitimacy and integrity of the ultimate distribution of proceeds and those

00:55funds will be dispersed for the benefit of the american people and the venezuelan people at the

01:01discretion of the united states government it sounds like it requires a lot of private sector

01:05engagement and agreement from the oil industry and the banking industry do you have that yet

01:10there's a lot of private sector engagement that's happening right now as you know secretary wright

01:15our energy secretary who's heading up this big project is in florida today meeting with some of

01:20these oil executives and as we confirmed earlier they will also be at the white house later this week so

01:24they are absolutely eager to invest they're eager about these opportunities and secretary wright is

01:30a very well knowledgeable guy when it comes to oil and energy and he's the perfect man for the job

01:35another report of the world that real quick gotta run go ahead so just to follow up on the oil

01:4030 to 50 million barrels is an initial tronch if you will and then what happens after that

01:46i won't get ahead of of the plans that the president and his team are currently speaking with the

01:53interim authorities about but rest assured there is a long-term plan here secretary rubio and the

01:58entire team are working diligently on it and this is just sort of the first action that you all are

02:02seeing ed so in order to get these oil companies to invest billions in venezuela how will the u.s

02:09reassure that their workers will be safe in venezuela could there be troops involved

02:14at this point in time as you know there are no troops on the ground in venezuela the president of

02:19course reserves the right to use the united states military if necessary it's not something

02:23he wants to do diplomacy is always the first option as you saw he tried that with nicolas maduro but

02:28unfortunately he was an illegitimate dictator and an unserious person and so president trump

02:33authorized this law enforcement operation and now nicolas maduro is sitting in a prison cell in new

02:38york so certainly the president is going to do what's in the best interest of the american people

02:43and that includes workers from our energy and oil industry as well with that meeting tomorrow what is

02:48the message the president is going to give to the oil executives and what does he want to hear

02:51well the meeting is on friday and it's it's just a meeting um to discuss obviously the immense

02:56opportunity that is before these oil companies right now

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