Lark Davis(@LarkDavis):Trump just announced the biggest oil deal in world history, 65 billion barrels of Venezuelan oil, majority US control, zero cost to taxpayers. The headline writes itself. Small print though: Venezuelan crude is heavy, sour, high sulfur, and expensive to refine. Only a handful of Gulf Coast refineries are even built for it. So the part where gas prices drop dramatically for all Americans? That one needs a bit more time in the refinery too.

Lark Davis

@LarkDavis

Entrepreneur & Bitcoin investor. Founder of The Inner Circle, the best Discord community in crypto! Tweets not financial advice.

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Lark Davis@LarkDavis

2026.08.29 00:21

Trump just announced the biggest oil deal in world history, 65 billion barrels of Venezuelan oil, majority US control, zero cost to taxpayers. The headline writes itself. Small print though: Venezuelan crude is heavy, sour, high sulfur, and expensive to refine. Only a handful of Gulf Coast refineries are even built for it. So the part where gas prices drop dramatically for all Americans? That one needs a bit more time in the refinery too.