00:00It's Benzinga bringing Wall Street to Main Street
00:02Trump said the U.S. is receiving massive volumes of crude oil from Venezuela following a recent
00:07U.S. military operation that led to the capture of Venezuelan President Nicolas Maduro, according
00:13to Benzinga.
00:14Speaking in Detroit, Trump described the operation as flawless and claimed the U.S. is taking
00:18in millions of barrels of oil, including 50 million barrels per day, which he said would
00:23push oil prices lower.
00:25Trump said that winning is a good thing, and his administration plans to make Venezuela
00:30strong again.
00:31He also said his administration would control the oil proceeds to benefit both countries
00:36and claim tariffs have driven a historic U.S. economic boom.
00:39Analysts and data challenged those claims, citing global production levels and Venezuela's
00:44limited output.
00:45Economist Paul Krugman called the plan unrealistic, and ExxonMobil CEO described Venezuela as uninvestable.
00:52For all things money, visit Benzinga.com.
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