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I was about to post that same bit of news.
Trump slashes tariffs on India after Modi agrees to stop buying Russian oil
That will be a tall task: India has been importing roughly 1.5 million barrels of Russian oil each day — even months after Trump placed tariffs on Indian goods as punishment — according to Kpler, a global trade data provider. Russian oil makes up more than a third of India’s overall imports.
Trump said in a social media post that he spoke Monday morning with Indian Prime Minister Narendra Modi, who agreed to replace the country’s Russian crude imports with oil from Venezuela and the United States. Venezuelan oil is of the same quality as Russian oil — heavy, sour and perfect for making derivatives like fuel oil and diesel, which India’s refineries are already set up to process, noted Rob Thummel, senior portfolio manager at Tortoise Capital.
“Fully replacing Russian oil with oil from Venezuela or the US will take significant investment,” said Rob Haworth, senior investment strategy director at U.S. Bank Asset Management. “But. over time, this may create additional challenges for the Russian economy.”https://finance.yahoo.com/news/trump-slashes-tarif...So God on Earth Trump leverages the size of the US market to extort the purchase of oil stolen from Venezuela, at a higher price than Russian crude, by India, for the profit of US oil companies, with a skim going into Pirate King Trump's account in Qatar.
God and Savior Trump will probably try to extort the capital needed to expand Venezuelan production from India too, as Exxon has been reluctant.
Steve
