WASHINGTON: President Donald Trump said his administration’s plan to revive Venezuela’s oil production would help reduce energy costs in the United States while reinforcing American energy dominance.
Speaking to oil and gas executives at the White House on Friday, Trump said Venezuelan crude would complement record US production and strengthen supply.
“One of the things the United States gets out of this will be even lower energy prices, ” Trump said.
He cited recent gasoline prices ranging from $1.92 to $1.99 per gallon, compared with prices above $4 in previous years.