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Trump’s Bold Move on Venezuelan Oil | Edmonton News
Trump’s administration just struck a historic oil deal with Venezuela, unlocking 65 billion barrels of untapped reserves—potentially giving the U.S. access to cheap oil and making the new joint venture the world’s second-largest oil reserve holder. Secretary Rubio and Defense Secretary Hegseth led negotiations with acting Venezuelan President Delcy Rodríguez, who sees it as a lifeline for her struggling nation. The U.S. will own 55% of output and buy oil at cost, while Venezuela expects $100 billion in investment and $209 billion in tax revenue. But experts warn: reviving production will take…
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