Almost no one understands how big this is.

Venezuela holds 300 billion barrels of oil.

It has the largest reserves in the world, totaling about 18% of global supply.

It holds nine times as many barrels of oil as the U.S.

At approximately $58 per barrel, that’s $17.4 trillion in reserves.

Even at half that price, it’s $8.7 trillion.

In a matter of hours, the U.S. claimed control over oil worth more than half of U.S. GDP, and more than the combined GDP of Germany, Japan, India, and the UK.

Most people don’t realize how big this is.

Oil markets open Sunday at 6:00 PM ET.

Watch closely.