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A major Trump-US success!
After years of Venezuelan communist control and anti-American saber-rattling, their leaders have finally reached a truce and a deal with Trump-Inc to become politically somewhat-friendly and financially a US-Oil-Partner going forward.
Significant Point: Venezuela may have more oil than SaudiArabia.
Instead of an atta-boy, the PravdaMedia and Democrats are bad-mouthing the biggest US positive Oil news since we bought Alaksa – what a pathetic bunch!
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US–Venezuela Deal Could Shake Up Global Oil Markets
Washington would gain majority control of a new oil venture
https://www.theepochtimes.com/us/us-venezuela-deal-could-shake-up-global-oil-markets-6081277?utm_source=partner&utm_campaign=BonginoReport&src_src=partner&src_cmp=BonginoReport
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A new deal with Venezuela that gives the United States majority control of more than 65 billion barrels of proven oil reserves is expected to reshape global oil markets and give Washington significant control over oil prices.
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U.S. President Donald Trump described the pact as “the biggest oil deal in world history.”
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The White House announced a historic 25-to-100-year energy partnership with Venezuela's interim government under Delcy Rodríguez following the U.S. intervention and removal of Nicolás Maduro.
Key Terms of the Agreement
• Reserves and Scope: Gives the U.S. majority control and access to 17 strategic oil fields holding approximately 65 billion barrels of proven reserves (roughly 21% of Venezuela's total reserves)
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