The president is anxious for a win, but taking over Venezuela’s oil reserves might prove a poison pill. The post Trump’s Venezuelan Oil Deal Is a Big Gamble appeared first on The American Conservative .
Foreign Affairs Trump’s Venezuelan Oil Deal Is a Big Gamble The president is anxious for a win, but taking over Venezuela’s oil reserves might prove a poison pill. (Federico PARRA / AFP via Getty Images) At the end of August, President Donald Trump announced a major deal with the government of Venezuela. The agreement would give the U.S. functional control of about 20 percent of Venezuela’s oil, which equates to over 65 billion barrels—or almost one and a half times more oil than the United States has in its own current proven reserves (which total approximately 46 billion barrels). The vehicle for the deal is…Open
After kidnapping Venezuela's President and First Lady, the Trump administration has struck a historic deal with Venezuela's unelected leadership that effectively grants it control over one fifth of the country's massive oil reserves.
Economist Francisco Rodríguez tells The Grayzone's Max Blumenthal why he believes the deal represents "gunpoint diplomacy," with Venezuela's de facto President Delcy Rodríguez essentially gifting the US billions of barrels of crude in order to avoid the same fate as her predecessor. Conducted under the auspices of a corporation run by a Venezuelan oligarch facing multiple money laundering indictments abroad, with little transparency and absolute US control, Rodríguez describes the deal as an unprecedented sell-off of Venezuela's sovereignty that will open the floodgates of corruption. Francisco Rodríguez is a Senior Research Fellow at the Center for Economic and Policy Research and a Faculty Affiliate at the University of Denver’s…Open
In 2023, Donald Trump lamented that, under the Biden administration, the U.S. was again buying oil from Venezuela. When he left office at the end of his first term, Trump said, “Venezuela was ready to collapse. We would have taken it over, we would have gotten all that oil.” In his second term, he did. […] The post Trump Plunders Venezuela appeared first on The American Conservative .
Foreign Affairs Foreign Affairs Trump Plunders Venezuela The administration has, in effect, stolen the South American country’s oil. Photo by Diko Betancourt/Anadolu via Getty Images In 2023, Donald Trump lamented that, under the Biden administration, the U.S. was again buying oil from Venezuela. When he left office at the end of his first term, Trump said, “Venezuela was ready to collapse. We would have taken it over, we would have gotten all that oil.” In his second term, he did. Trump announced last week that the U.S. “just entered into an Agreement with the…Open
U.S. Energy Secretary Chris Wright, acting Venezuelan President Delcy Rodriguez and top oil officials outline the Trump administration’s energy agenda during a signing event and press conference. #foxnews #news #us #fox Don’t just watch Fox News—be part of it. Become a Fox News Patriot today. https://youtube.com/foxnews/join
U.S. Energy Secretary Chris Wright, acting Venezuelan President Delcy Rodriguez and top oil officials outline the Trump administration’s energy agenda during a signing event and press conference. #foxbusiness #us #venezuela #oil #trump
President Trump's historic Venezuelan oil deal revolves around a colorful and controversial man from Caracas with a long history of supporting U.S. interests — including the operation to remove former strongman Nicolas Maduro. Why it matters: Alejandro Betancourt, 46, runs the oil company that's entering into an unprecedented partnership with the Pentagon. It gives America access to some of Venezuela's vast oil fields at a time when U.S. reserves are low. - "No Betancourt, no energy-security deal," a U.S. official told Axios. "And Maduro might still be in power if it wasn't for him." - Betancourt's life story has an oil-like boom-and-bust aura, replete with billion-dollar deals, international intrigue, a longstanding money-laundering…
President Donald Trump said Friday night the United States has reached an oil agreement with Venezuela, a move he said will “more than double” American oil reserves, increase oil supply and lower gas prices. “At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer,” Trump wrote on social media. Trump’s emphasis on lowering American gas prices, almost two months before the US midterm elections, comes as the national average gas…
We are learning more after President Donald Trump said this week that his administration has reached an agreement with Venezuela that could give the United States control of a portion of the country’s vast oil reserves. In a social media post Friday, Trump said the deal was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and Venezuela’s acting President Delcy Rodríguez. The move comes as Trump faces pressure to address high gas prices, with experts saying they don’t expect an immediate drop in price as a result of the deal. LiveNOW’s Andy Mac is speaking with Tom Kloza, the Chief Energy Advisor for Gulf Oil, as Americans begin to wonder how the oil deal will impact their wallets here at home.
Overnight, Venezuelan President Delcy Rodríguez announces key details of historic oil deal with the U.S. The 'Fox & Friends Weekend' co-hosts discuss the latest. #fox #delcyrodriguez #venezuela #us #oil #energy #economy #foxandfriends #foxandfriendsweekend #marcorubio #petehegseth #worldnews #businessnews #breakingnews Don’t just watch Fox News—be part of it. Become a Fox News Patriot today. https://youtube.com/foxnews/join
