Trump announces deal with Venezuela to secure more than 65 billion barrels of oil reserves
- 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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Trump announces ‘biggest oil deal in world history’ — says it will slash gas prices - The Daily Bo Snerdley
BS BULLETIN: President Trump says the U.S. has secured majority control of more than 65 billion barrels of Venezuela’s proven oil reserves in what he calls the “BIGGEST OIL DEAL IN WORLD HISTORY!” Trump says the arrangement will more than double American oil reserves and “substantially lower Gas Prices” — at no cost to U.S. taxpayers. Secretary of State Marco Rubio says the deal will also unleash nearly $100 billion in private investment while g…
Trump: I’ve Seized Majority Stake In Venezuelan Oil
The Washington Post reports: President Donald Trump announced Friday night that the United States had secured a long-term stake in a vast share of Venezuela’s oil fields, a potentially costly and legally precarious proposal that aims to nudge reluctant energy companies to drill in the risky region. The plan involves the U.S. taking more direct … The post Trump: I’ve Seized Majority Stake In Venezuelan Oil appeared first on Joe.My.God..
Trump Announces Sweeping Venezuela Oil Deal, Claims U.S. Will Control More Than 65 Billion Barrels
Agreement could give the United States access to one of the world’s largest pools of petroleum reserves as Trump promises lower gas prices, but production increases could take years President Donald Trump announced Friday night that the United States has reached an extraordinary oil agreement with Venezuela that he says will place more than 65 [...] The post Trump Announces Sweeping Venezuela Oil Deal, Claims U.S. Will Control More Than 65 Billi…
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