State of the Union: Per the president, the deal will more than double American oil reserves. The post Trump Announces U.S. Stake in Venezuelan Oil Reserves appeared first on The American Conservative .
President Donald Trump on Friday announced “THE BIGGEST OIL DEAL IN WORLD HISTORY,” which he says will bring “majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer.” In the Truth Social announcement, Trump attributed the deal, which he says “MORE THAN DOUBLES American Oil Reserves,” to Secretary of Defense Pete Hegseth and Secretary of State Marco Rubio. The details of the transaction have yet to be announced, but Axios reports that it will take the form of a public-private partnership with American companies and the Venezuelan government, which controls the country’s nationalized oil industry. “It’s not a purchase. They’re giving us equity.…Open
President Trump said Friday the U.S. has struck a deal with Venezuela to take control of oil fields with 65 billion barrels of reserves. Why it matters: The unprecedented deal vastly increases U.S. energy security and dominance in the Western Hemisphere. - Axios first reported the deal was in the offing Thursday. Zoom in: The details have yet to be released, but a source familiar described the unorthodox arrangement as a type of "public-private partnership" between the U.S., private companies and Venezuela. - "It's not a purchase. They're giving us equity. It's a type of corporate transaction where the U.S. has equity in the companies," a U.S. government source said. - The U.S. would have access to what's called "off-take oil," a…
Oprah Winfrey announced that her flagship Leadership Academy for Girls south of Johannesburg will close at the end of 2027 and hand control to the local government, but offered no explanation for why she is walking away from a project she once called her life's mission. Winfrey, 72, issued a statement to the Daily Mail […] The post Oprah Winfrey's $400 million South African girls' school will shut its doors after two decades appeared first on American Almanac .
Oprah Winfrey announced that her flagship Leadership Academy for Girls south of Johannesburg will close at the end of 2027 and hand control to the local government, but offered no explanation for why she is walking away from a project she once called her life's mission. Winfrey, 72, issued a statement to the Daily Mail confirming the closure. The school will graduate two more classes before it shuts down. After that, the Gauteng Department of Education, the provincial authority that originally partnered with Winfrey to build the campus, will take over the site. Remaining enrolled students will transfer to what Winfrey's representative called "other top-tier schools," with Winfrey personally covering their tuition. The statement was long…Open
Secretary of State Marco Rubio signed a memorandum of understanding Thursday with the UFC to create a public-private partnership with the mixed martial arts company ahead of this weekend’s cage fights on the White House’s South Lawn. Rubio referred to the UFC as the “United Nations of fighting” in his Thursday remarks lauding the company for bringing together athletes from different countries. #ufc #rubio #whitehouse
Secretary of State Marco Rubio and UFC President and CEO Dana White will sign a memorandum of understanding on Thursday afternoon establishing a new public-private partnership to enhance sports diplomacy. "UFC is the world’s leading mixed martial arts organization. As an American-founded organization, the UFC has grown into a major global sports platform, reflecting U.S. leadership in modern combat sports promotion, athletic performance standards, and international event production," the State Department wrote in a press release. "Its events are broadcast worldwide and contribute to the United States’ broader cultural and sports influence through professional competition and athlete development." The signing ceremony comes just days…
Chris Lehane, OpenAI's chief global affairs officer, fears the rising risk of unpopular AI and told us the solution might be a reorg of government and business. He offered two megapoints in a conversation Tuesday at OpenAI's new office in Washington: - The AI companies and government are so interdependent — the companies need light regs, contracts; government needs AI systems — that it might require a new public-private hybrid to manage them. - The AI companies could get crushed by bad politics if they don't find ways to share any wealth they create, much like Alaska shares oil & gas revenue with its residents. "People need to feel like they're gonna have a piece of this and participate in it ," Lehane said. "You can't talk beyond…
