Trump Says U.S. Reaches Venezuela Oil Deal for 65 Billion Barrels
Trump said the agreement could more than double U.S. oil reserves and bring nearly $100 billion in private investment, officials said.
- On Friday, President Donald Trump announced an agreement with Venezuela's interim President Delcy Rodriguez securing majority U.S. control of more than 65 billion barrels of oil through a partnership with private business, directed by Secretary of State Marco Rubio and Secretary of War Pete Hegseth.
- U.S. strategic oil reserves fell below 300 million barrels in early August, prompting the administration to seek new crude sources after six months of Iran-related supply disruptions disrupted global markets and pressured gasoline prices ahead of midterm elections.
- The agreement targets 17 strategic oil fields expected to attract nearly $100 billion in private investment, aiming to revive Venezuela's deteriorated energy sector and secure additional crude for U.S. refineries while generating over $209 billion in tax revenue for Caracas.
- Secretary of State Marco Rubio called the deal 'a huge win for both the American and Venezuelan people,' while the administration claims the transaction will more than double U.S. oil reserves and substantially lower gas prices for Americans.
- Industry experts remain skeptical about immediate production gains due to Venezuela's dilapidated infrastructure and political uncertainty; Francisco Monaldi, director of the Latin American Energy Program at Rice University, warned that meaningful expansion will require years of significant capital investment.
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Why Nobody In Venezuela Takes Trump's Big 'Oil Deal' Seriously
Donald Trump is not very good at running the economy, but he does have a great imagination about how he runs the economy. Trump continually boasts about the incredible amount of foreign investment coming into the country. It was $20 trillion last I heard, but it might be up to $30 or $40 trillion the next time Trump decides to boast about it.This boast has absolutely nothing to do with reality. Contrary to what Trump says, there is no boom in au…
Woke Democrat Ro Khanna Goes Ballistic After Trump Strikes Big Oil Deal With Venezuela - The American Tribune.com
Rep. Ro Khanna (D-CA) stated recently during an interview on MS NOW, the ashes of what is left of previous left-wing network MSNBC, that President Donald Trump’s agreement that gives the U.S. majority control over more than 65 billion barrels of Venezuela’s oil reserves is “morally wrong.” The comments were made during the All In [...]
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naturalnews.comTrump Says Venezuela Oil Agreement More Than Doubles U.S. Reserves
Trump Announces Major Venezuela Oil Deal President Donald Trump announced on Truth Social on Friday, Aug. 28, that the United States has entered into an agreement with Venezuela securing "majority U.S. control of more than 65 BILLION" barrels of crude oil, according to a report from Middle East Eye [1]. The announcement follows a Jan. 3 military raid in Caracas that removed former President Nicolas Maduro. Officials said the deal was brokered by…
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