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FOX Business host Larry Kudlow analyzes on “Kudlow” the impact of U.S. actions in Venezuela on oil prices.
Trump bends the arc of history toward freedom.
Today Meeting at the White House with President Trump and major U.S. oil companies is another important step in the process that began last weekend when narcoterrorist and arms trafficker Nicolás Maduro and his communist wife were forcibly deported in an extraordinary military action that ultimately landed them in a prison in Brooklyn, New York.
Oh, and don’t ever let me forget that Chuck Schumer and Hakeem Jeffries are from Brooklyn, right?
I prefer to call all this Trump Corollary to the Monroe Doctrine, which prohibits foreigners from exercising significant influence in the Western Hemisphere. And I will add, as I have over the last 10 days, that Mr. Trump’s brilliant actions are bending the curve of history to stop the march of communism it was happening in the Americas. It is also worth noting that during today’s meeting, President Trump said that China and Russia can in fact buy oil from Venezuela, but they must go through the United States to execute the trade. And I guess we’ll charge them market prices, not the deep discounts Venezuela offered its communist comrades.
Mike Sommers, CEO of the American Petroleum Institute, joins ‘Varney & Co.’ to discuss whether Venezuelan oil could return to U.S. refineries and what it would take for U.S. companies to invest again.
Every drop of oil the provenance of Venezuela is now controlled by the United States. The stopping of Russian tankers off the coast of Venezuela is very important. Venezuela has already paid a tranche of 30 million barrels, which would probably increase to 50 million, then 100 million, and those oil sales will go into some kind of fund managed by the White House, where the president, Secretary of State Marco Rubio and others will decide on disbursements. But money and oil will now be controlled by the United States. Venezuela will only purchase products made in the United States, such as American agriculture and medicines, medical devices and various power grid equipment and energy facilities, according to Mr. Trump’s Truth Social.
So far, Delcy Rodriguez, who is the interim president, and her brother Jorge Rodriguez, who heads the National Assembly, who are both die-hard Chavistas, have performed well. But it’s an uncertain story, and the oil men are all concerned about government stability as they consider their new investments. They want to help Mr. Trump. Here, they want to be patriotic. They know how high the stakes are. They can also make money at $50 a barrel, which is President Trump’s goal. But to quote the president himself, the transition to any form of democracy must be “stable, appropriate and judicious”.
Oil companies want to know the rules of the game and the general security situation. Chevron has the largest stake and could move up to 200,000 barrels per day, which would be up from around 50,000 a few years ago. In total, with the state-owned enterprise and private oil companies, we could perhaps get a million barrels per day, up from about 800,000.
Rep. Anna Paulina Luna, R-Fla., joins “Mornings with Maria” to discuss criminal referrals related to Minnesota’s fraud scandal, allegations against top state officials and the Trump administration’s new multistate task force.
But I think this whole story goes way beyond just oil. Oil will take care of itself.
In reality, in my opinion, it is about expelling Russia and China from our hemisphere. It’s about suffocating Cuba once and for all. And there is even talk of the potential fall of the Iranian mullahs as protests in Tehran intensify.
Let me repeat that. Mr. Trump bends the arc of history toward freedom. That’s what it’s really about.
