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U.S. Secures Venezuelan Oil Deal | Texas News
The U.S. government has secretly struck a deal with Venezuela to secure a massive stake in its untapped oil reserves, reportedly involving a new private company granted rights to 17 fields for a century. The move, framed as a path to economic recovery and energy security, could bring Venezuela $200 billion in taxes but faces backlash from locals calling it a betrayal. Experts warn the crumbling infrastructure will require billions to fix, delaying any impact on gas prices. Critics on Capitol Hill accuse the administration of corruption and risking troops for oil, while questions remain about…
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