Latest / DEEP INSIGHT / TRUMP'S VENEZUELA OIL DEAL - US secures control of 65 billion barrels of reserves

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TRUMP'S VENEZUELA OIL DEAL - US secures control of 65 billion barrels of reserves · DEEP INSIGHT

• 0:02
  Speaker 1: A huge win for American energy dominance. President Trump now
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  Speaker 1: has majority control of over 65 billion barrels of Venezuela's
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  Speaker 1: oil reserves. Venezuela's interim president is touting the historic partnership.
• 0:19
  Speaker 2: Why we chose the path of diplomacy with the United
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  Speaker 2: States of America to transform our differences into cooperation. and
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  Speaker 2: that cooperation into investment, production, well-being, and tangible results for Venezuelans.
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  Speaker 2: Using a benchmark oil price of $ 65 per barrel, which
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  Speaker 2: could be higher or lower, our country's revenues would reach
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  Speaker 2: a total of $ 209. 335 billion for the Venezuelan state.
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  Speaker 1: The president says the 25-year agreement was successfully brokered by
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  Speaker 1: Secretary of War Pete Hegseth and Secretary of State Marco Rubio,
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  Speaker 1: who calls it a huge win for Americans and Venezuelans.
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  Speaker 1: And Republicans are celebrating the monumental deal.
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  Speaker 3: The oil deal, as announced, sounds like it could have
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  Speaker 3: a very positive impact on the United States, on the
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  Speaker 3: United States economy, on American jobs, and a very positive
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  Speaker 3: impact on gas prices over the long term. Sixty-five billion
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  Speaker 3: barrels of oil is an enormous amount of oil. And
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  Speaker 3: so I commend President Trump for an agreement that, on
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  Speaker 3: its face, appears to have a really positive economic benefit
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  Speaker 3: for America.
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  Speaker 1: This was all possible because of the capture of Venezuela's
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  Speaker 1: socialist dictator, Nicolas Maduro. But, of course, Democrats are slamming
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  Speaker 1: the agreement. Is this essentially theft of a sovereign country's resources, or,
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  Speaker 1: as one former ambassador told me yesterday, an act of imperialism?
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  Speaker 4: We haven't actually seen the details of this deal. And
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  Speaker 4: it is, of course, the culmination of the president's ill-advised,
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  Speaker 4: completely corrupt decision earlier this year to unilaterally launch a
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  Speaker 4: military invasion into Venezuela. We will rigorously scrutinize every element
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  Speaker 4: of this. I don't see any way how this deal
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  Speaker 4: is going to deliver that any time soon, any time soon.
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  Speaker 1: Well, President Trump says this deal will drive down gas prices,
• 2:14
  Speaker 1: which are up over a dollar since the end of February.
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  Speaker 1: Joining us now is House Intelligence Committee Chairman Rick Crawford. Chairman,
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  Speaker 1: it's great to see you. We all had a little
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  Speaker 1: chuckle at the Democrats talking about this deal.
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  Speaker 5: And poo-pooing it.
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  Speaker 1: Of course, apparently they don't care about cooperation with Venezuela
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  Speaker 1: as much as Venezuela is excited about the cooperation. And
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  Speaker 1: They don't seem happy that it could potentially lower gas
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  Speaker 1: prices for Americans, but enough with them. We know what
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  Speaker 1: they're going to say. They hate President Trump more than
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  Speaker 1: they love any of the things we just discussed. But
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  Speaker 1: how big of a deal is this, and how big
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  Speaker 1: of a bite does this take into our dependence on
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  Speaker 1: countries that hate us?
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  Speaker 6: Well, first off, I think it's an acknowledgment that socialism
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  Speaker 6: is a huge failure for Delcy Rodriguez to take this deal,
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  Speaker 6: knowing this was a good deal, a diplomatic deal that
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  Speaker 6: was brokered by Secretary Hegsteth, Secretary Rubio, and a majority
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  Speaker 6: stake for the United States. This is capitalism, and this
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  Speaker 6: is what this former socialist regime— and I say former, because
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  Speaker 6: clearly they're no longer socialists. If they were, I don't
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  Speaker 6: think they would have taken the deal. They see the
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  Speaker 6: value of capitalism themselves. And it's crazy, because the democratic
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  Speaker 6: socialists of America are more socialists, apparently, than Maduro and
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  Speaker 6: his former regime were. So, I think this is a
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  Speaker 6: huge step forward, not only from an energy security perspective,
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  Speaker 6: but from a— a geographic security I mean Western him
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  Speaker 6: security perspective this is really a a good deal for
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  Speaker 6: the United States and a good deal for.
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  Speaker 7: Venezuela chairman Crawford Molly here I it's remarkable that since
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  Speaker 7: the capture of Maduro, how stable Venezuela has been. I
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  Speaker 7: think there was a lot of concern in those initial
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  Speaker 7: weeks that things might devolve there in the country. But
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  Speaker 7: it seems to be holding very steady. And now we're
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  Speaker 7: seeing a major economic deal. The next step, perhaps, in
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  Speaker 7: the plan is to a return to democracy, as you mentioned,
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  Speaker 7: turning away from socialism. Where do you see things heading
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  Speaker 7: in Venezuela as this major economic deal has been made?
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  Speaker 6: Well, I think that's exactly the direction they're going to go.
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  Speaker 6: And that's good news for us. It's good news for them.
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  Speaker 6: It's bad news for China, because we know that China
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  Speaker 6: was really kind of fomenting this unrest and have been
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  Speaker 6: for quite some time. And you've seen this signal really
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  Speaker 6: across the hemisphere. If you look at countries like, for example,
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  Speaker 6: El Salvador, Peru, look what happened in Colombia recently. I
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  Speaker 6: think they're getting the message that there's no bargain between
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  Speaker 6: that China has to offer, and that really it's capitalism
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  Speaker 6: and their relationship with the United States will help that,
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  Speaker 6: and we're seeing it in Venezuela. I don't know what
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  Speaker 6: the timeline will be for them to fully transition, but
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  Speaker 6: clearly they're making that move. That's good news for us.
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  Speaker 6: As I said, it's good news for Venezuela. And I'm
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  Speaker 6: very encouraged about it. And, I mean, I think the
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  Speaker 6: president has shown remarkable leadership. And I would think that
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  Speaker 6: this is going to have a fairly distinct influence on
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  Speaker 6: the price of a gallon of gas fairly quickly. I
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  Speaker 6: think we're in the low 80s right now on West
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  Speaker 6: Texas crude. And I should hope that that's going to
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  Speaker 6: start to come down fairly quickly on this news.
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  Speaker 5: Yeah, I think we all hope that, Mr. Chairman. We're
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  Speaker 5: going to turn the page a little bit here. I
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  Speaker 5: want to get your take on this.
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  Speaker 7: The United States has two types of attack weapons, unitary
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  Speaker 7: and cluster. The press reported that nearly all of the
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  Speaker 7: attack weapons were used.
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  Speaker 6: Did the United States use both military— use both unitary and cluster?
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  Speaker 8: Why would I answer— I mean, this is kind of a
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  Speaker 8: stupid question I would never answer. Like, why would I
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  Speaker 8: answer a question about whether we do or do not
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  Speaker 8: have certain types of munitions? I would tell you we
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  Speaker 8: have 110%. I would never answer that question. An American
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  Speaker 8: press is foolish to want to press an American War
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  Speaker 8: Department about where we may or may not be on classified,
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  Speaker 8: exquisite systems. We had plenty when we needed it, and
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  Speaker 8: we have plenty now, and we'll have plenty when we'll
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  Speaker 8: need them in the future.
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  Speaker 5: Yeah, reporters think it's unusual Secretary Hegseth doesn't give details
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  Speaker 5: that could compromise our military's ability to respond to threats.
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  Speaker 5: That's one way to look at it. All this comes
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  Speaker 5: as the Pentagon is calling the Washington Post report On
• 6:19
  Speaker 5: the military's purported classified assessment on Iran, a crime. Despite this,
• 6:24
  Speaker 5: we're seeing success in the Middle East, and CENTCOM confirms
• 6:28
  Speaker 5: all Iranian sea mines have been cleared from the Strait
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  Speaker 5: of Hormuz. And earlier today, U.S. forces struck two Iranian launchers.
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  Speaker 5: as they were preparing to deploy more sea mines. Obviously,
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  Speaker 5: with a little bit of your background, you're co-chair of
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  Speaker 5: the EOD caucus, you understand the concerted effort when it
• 6:44
  Speaker 5: comes to underwater mines in the littoral space. But to
• 6:48
  Speaker 5: go even back from what's happening in the Strait and
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  Speaker 5: just look at this greater warfare, it does look like
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  Speaker 5: the media, and I guess now maybe even some deep
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  Speaker 5: state generals, are trying to just put stuff out there
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  Speaker 5: to undermine the Secretary of War. to make it look
• 7:01
  Speaker 5: like that this is a failed exercise or a failed mission.
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  Speaker 5: Yet it seems like every day the headlines are inching
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  Speaker 5: towards President Trump maybe getting to where he wants to
• 7:10
  Speaker 5: be with Iran. I know that you're obviously involved in
• 7:12
  Speaker 5: things like the NDAA and Congress's role. You're also a
• 7:16
  Speaker 5: veteran yourself. What is your take on this?
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  Speaker 6: Well, I'm going to give away my age here. I
• 7:22
  Speaker 6: hate to do that. You might be able to tell
• 7:23
  Speaker 6: by looking at me. But I sort of long for
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  Speaker 6: the days of the Cold War when we could agree
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  Speaker 6: on who the enemy was. And regardless of what our
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  Speaker 6: differences were between Democrats and Republicans. We could agree that
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  Speaker 6: who the enemy was and we didn't try to undermine
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  Speaker 6: the country. But but that's all it's gone. And it's
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  Speaker 6: really pretty sad because right now you have segments of
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  Speaker 6: the media that are fully invested in any kind of
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  Speaker 6: disclosure they can make to discredit the president. That's number one.
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  Speaker 6: Number two, as you mentioned, some deep state generals and
• 7:54
  Speaker 6: every agency. is populated with these sort of activist individuals
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  Speaker 6: that have their own agenda. And as they climb the ladder,
• 8:03
  Speaker 6: you know, once they get beyond the GS-15 and sometimes
• 8:06
  Speaker 6: even below in that middle management, you start to see
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  Speaker 6: people take the opportunity to try to discredit the administration
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  Speaker 6: when they can. It's really disconcerting to see warriors, purported warriors,
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  Speaker 6: take that posture. That's something, Joey, that you and I know.
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  Speaker 6: That's just inappropriate. As veterans, we can't tolerate that, and
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  Speaker 6: it's bothersome to me, and that really kind of gets
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  Speaker 6: my back up.
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  Speaker 5: Yeah, someone supposedly leaked this information from the Secretary of
• 8:34
  Speaker 5: the Order's book. It's basically a way of tracking the
• 8:37
  Speaker 5: movement of ships, personnel, munitions around the world, and for
• 8:41
  Speaker 5: somebody to allow the media access to that in any way,
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  Speaker 5: pretty disheartening.
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  Speaker 1: It's OPSEC.
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  Speaker 6: It's plain and simple, and they're violating it.
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• 8:55
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• 8:58
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