US-Venezuela Oil Deal Won’t Reduce Domestic Gasoline Prices Anytime Soon
Officials say the arrangement gives the United States access to 65 billion barrels and aims to support a democratic transition.
- On Tuesday, U.S. officials defended a new agreement granting the United States equity in Venezuelan oilfields, describing it as a strategic move to secure energy supplies while reducing influence from Russian and Chinese companies.
- Negotiated by Secretary of State Marco Rubio, Secretary of War Pete Hegseth, and Venezuelan President Delcy Rodriguez, the deal secures access to 65 billion barrels of oil through 100-year concessions on 17 oil fields.
- North American Blue Energy Partners owner Alejandro Betancourt grants the Pentagon's Office of Strategic Capital a 35 percent equity stake, with the State Department securing rights to purchase 20 percent of output at production cost.
- While some politicians argued the United States should await a legitimate democratic government, officials maintained the deal aims to ensure a "stable, democratic Venezuela" and supports a transition process scheduled to resume in mid-September.
- Energy Secretary Chris Wright will travel to Venezuela today as Chevron prepares to sign a separate expansion agreement on Wednesday to solidify U.S. energy infrastructure efforts.
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63 Articles
Will Wisconsin gas prices fall after new Venezuela oil deal?
The United States has reached a new oil agreement with Venezuela as officials look for ways to ease pressure on fuel prices, but GasBuddy petroleum analyst Patrick De Haan says any impact on Wisconsin drivers is likely years away. “A refinery is not built overnight and oil production capabilities are not increased overnight,” De Haan […]
(Seoul = Yonhap News) Reporter Im Hwa-seop = The U.S. foreign policy magazine Foreign Policy (FP) [reported] the 'oil deal' recently concluded by the U.S. Donald Trump administration with the Venezuelan government...
US officials defended President Donald Trump's oil deal with Venezuela on Tuesday, arguing it would lower oil prices for Americans and help counterbalance the influence of Russia and China on the United States' side.
Regime Change, Itemized: Inside the Venezuela Oil Deal
The 65-billion-barrel Venezuela oil deal is not proof that regime change was sold with a resource contract attached as its explicit precondition — the deal was announced eight months after Nicolás Maduro’s capture, not before it. But the actual innovation, and the exportable part of the template, is the deniability structure itself: oil majors briefed […] The post Regime Change, Itemized: Inside the Venezuela Oil Deal appeared first on Modern Di…
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