Yesterday in Corpus Christi, Texas, President Donald J. Trump announced the arrival of the first million barrels of oil secured by the Trump Administration as part of the President’s historic Venezuela oil deal—with all oil coming into America at no cost to the United States or the American taxpayer.
This first shipment of oil will be refined in the Lone Star State, supporting American jobs, and increasing domestic supply to lower Americans’ prices at the pump.
From Alaska to Texas, President Trump is unleashing America’s energy dominance—making the Western Hemisphere the energy capital of the world—and Americans will benefit as gasoline and diesel prices come plummeting down!
Gas and diesel prices will soon drop rapidly thanks to President Donald J. Trump’s bold actions to unleash American Energy. On day one, the Trump Administration began dismantling the failed Biden-era anti-energy policies, cutting red tape, and ending the Democrats’ Green New Scam agenda.
Today, under President Trump’s leadership, America is producing record amounts of oil and natural gas while expanding domestic refining capacity and strengthening America’s energy security.
By restoring energy addition policies, President Trump will continue to unleash American energy dominance and lower costs for the American people.
- In less than one year back in office, President Trump restored America’s position as the world’s leading oil producer and exporter.
- President Trump is utilizing the Defense Production Act, investing millions of dollars to increase American refining capacity and produce more diesel and more gasoline after Radical Democrats drained America’s refining capacity.
- After President Trump’s capture of narcoterrorist dictator Nicolas Maduro, the President announced the largest oil deal in world history with Venezuela to and lower gas prices for all Americans by securing 65 billion barrels of oil to double America’s oil reserves and increasing our oil supply.
- So far, the amount of Venezuelan oil coming into the U.S. has increased by over 400% and reached its highest in almost a decade.
- Earlier this month, President Trump signed an Executive Order to immediately cut diesel costs for America’s truckers and farmers who keep America moving.
- President Trump secured deals with numerous countries to release over 130 million barrels of diesel from their stockpiles to boost global supply and lower prices.
- Thanks to the strength of U.S. forces and President Trump’s leadership, more oil is leaving through the Hormuz Strait than before the conflict.
- The President secured a $54 billion deal with Korea and Taiwan to build the long-stalled natural gas pipeline in Alaska, which will cut Alaskans’ energy costs by $10 billion. Deriving from the trade and investment deal, Korea is also investing in a natural gas facility in Texas.
- The Trump EPA issued fuel waivers that increased domestic gasoline supply by thousands of barrels per day to lower Americans’ costs.
- President Trump issued a waiver, increasing the shipments of gasoline, diesel, and jet fuel into the country.
- The Trump EPA removed fuel restrictions across the country, lowering gas prices in the states that followed EPA’s lead and waived their requirements.
- In stark contrast, blue state politicians in New York and California have not adopted these standards, driving up fuel prices for their own residents.
- The Trump Administration has provided a record number of Small Refinery Exemptions, lowering gas costs everyday Americans while supporting America’s farmers.
President Trump’s bold foreign policy is driving America First wins: this deal more than doubles our strategic reserves—delivering 65 billion barrels in total, dramatically bolsters our oil supply, and helps deliver lower gas prices for the American people—costing taxpayers nothing! No other President and no other Administration could deliver such historic results for the American people.
President Trump continues to secure major deals to unleash energy dominance and reverse the Democrats’ failed anti-energy and Green New Scam policies to cut energy costs for all Americans.
