Trump: the U.S. will buy all of Venezuela's oil
A stated plan to take all Venezuelan crude would redirect export flows and support Venezuelan oil sales.
Source →The trace
How it reaches your house.
Starting from Canadian crude oil imports, we walked the supply graph hop by hop to the goods you buy and the companies you own. Each step is the engine’s reasoning, scored for confidence and cited where a source backs it.
First impact
Gulf Coast crude oil feedstock (jet fraction) →Stands to benefitThe plan to buy all Venezuelan oil supports Venezuelan crude sales, so Venezuela benefits as an upstream supplier of this feedstock.
72% confidenceGulf Coast crude oil feedstock (jet fraction) →Prices easeAdded Venezuelan barrels would compete with Canadian crude in the U.S. Gulf Coast market, putting downward pressure on Canadian crude realizations there.
61% confidenceHop 2
Venezuela →supply upVenezuela accounts for 3.5% of this feedstock's supply, so a U.S. commitment to buy all Venezuelan oil should modestly raise availability here.
84% confidenceVenezuela →supply upGulf Coast crude oil feedstock (jet fraction)
Venezuela supplies 2.3% of this Gulf Coast feedstock, so redirecting Venezuelan exports to the U.S. should increase availability here, though the share is small.
80% confidenceHop 3
Crude Oil Feedstock →supply upCrude oil feedstock is a critical, fully dependent input to gasoline and diesel, so redirecting more Venezuelan crude into the supply chain should raise their availability.
95% confidenceCrude Oil Feedstock →supply upHome heating oil is also a critical downstream product of crude oil feedstock, so additional Venezuelan crude supports higher output availability.
93% confidenceCrude Oil Feedstock →Stands to benefitThe plan to buy all Venezuelan oil directly supports Venezuelan oil sales, and Venezuela is a listed source of this feedstock.
Hop 4
Gasoline and diesel →supply upA U.S. commitment to buy Venezuelan crude would directly increase crude oil feedstock availability, and this critical input fully supports gasoline and diesel production.
88% confidenceHome heating oil →supply upHome heating oil is wholly dependent on crude oil feedstock, so a plan to buy all Venezuelan crude would increase availability of that key input for refiners.
80% confidence
Where it lands
What you buy, and what you own.
Goods you buy
Gasoline and diesel · Home heating oil
Companies you may own
No named companies on this path.
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