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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58 Articles
(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…
Malay Mail
AlKhaleej TodayUS tightens grip on Venezuela oil as Trump defends multibillion-dollar deal
CARACAS, Sept 2 — US officials on Tuesday defended President Donald Trump’s oil deal with Venezuela, saying it would lower oil prices for Americans and counter Russian and...
America is the world's largest oil producer. America does not import oil through the Strait of Hormuz. America is now also confiscating 65 percent of the oil in Venezuela, the country with the world's largest oil reserves. Then, Donald Trump reasons, surely that accursed gasoline price in America should drop? But there is little prospect of that, at least not before the midterm elections on November 3.
US defends Trump Venezuela oil deal as energy secretary lands in Caracas
US officials on Tuesday defended President Donald Trump's oil deal with Venezuela, saying it would lower oil prices for Americans and counter Russian and Chinese influence on Washington's doorstep.
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