Experts: ‘A Lot of Questions Around’ Trump’s Venezuela Oil Deal, What It Means for South Florida
The agreement would give the United States 55% of output from a new private company and could bring $100 billion in investment, officials said.
- On Friday, President Donald Trump announced a deal with Venezuela giving the United States rights to 65 billion barrels of oil from 17 fields, negotiated by Secretary of State Marco Rubio and Defense Secretary Pete Hegseth.
- North America Blue Energy Partners, owned by CEO Alejandro Betancourt, will develop the fields under a 100-year agreement following the U.S. capture of former leader Nicolas Maduro in January.
- With the United States securing 55% effective output, the deal could draw $100 billion in investment and yield over $209 billion in taxes for Caracas, though experts warn Venezuela's dilapidated infrastructure will take years to repair.
- Amy Myers Jaffe, director of the Energy, Climate Justice and Sustainability Lab at New York University, said the deal is "not going to do anything to change the price of gasoline" for Labor Day. No text has been released.
- Amos Hochstein, a former adviser to President Joe Biden, warned the deal carries "tremendous risk" and that future administrations in Washington or Caracas could challenge it, as Venezuela has previously expelled foreign investors.
51 Articles
51 Articles
The White House has published the terms of its oil deal with Venezuela, showing the name of the private company at its heart and confirming US majority control of more than 65 billion barrels, while President Donald Trump has vowed that the US will take “the whole” quantity, it reported on Tuesday. [...] The post Trump vows that the US will take “all” Venezuela's oil appeared first on Report Corruption! CallXo.com.
The engineer considered that Venezuela receives in return production, employment, investment, higher revenues for the State and chains.
After Maduro's controversial arrest, what happens to Venezuela's huge oil reserves remains open. At the same time, high fuel prices put Trump under domestic pressure because of the Iran war. Now his government is presenting details of an agreement with Venezuela.
A trick contract. The oil deal has caused controversy among industry giants The head of the White House presented an unprecedented plan to enter the Venezuelan oil market
A trick contractThe oil deal has caused controversy among industry giantsThe head of the White House presented an unprecedented plan to enter the Venezuelan oil market. However, the largest players in the industry met the initiative with...
Trump’s Venezuelan Prize: 65 Billion Barrels, 100 Years and 55 Percent of Oil Flow
The main monument to the new school of reparations appears to be Venezuela. Only recently, the country dominated the headlines: the American military operation, the capture of Nicolás Maduro, his removal to the United States, an interim government headed by Delcy Rodríguez, and Donald Trump’s statements about the country’s new future. Then attention shifted to Iran, the Strait of Hormuz and yet another major war. Venezuela was almost forgotten. …
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