Trumpy scores another own goal. The all-in economic cost of Venezuelan heavy crude is $70 per barrel compared to the 56 year constant dollar average price of global crude at $71/barrel, less 15% discount for low quality Venezuelan crude or $60 per barrel. That is to say, a $10/barrel loss on 65 billion barrels of crude under the Donald's latest deal. The Art of the Deal strikes again!!!
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‘Cost of $20 per barrel’. How’s the math look now, Einstein?
Sep 3, 2026 · 11:18 AM UTC
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