Latest / Tulsa News Today | 2 Min News | The Daily News Now!
Trump’s Venezuela Oil Deal Explained | Tulsa News
Trump’s bold move to secure a century-long U.S. stake in Venezuela’s oil reserves has sparked global intrigue and controversy. The deal, tied to the capture of Venezuela’s former leader, grants a mysterious private firm rights to 17 untapped fields holding up to 65 billion barrels—potentially unlocking $100 billion in investment and $200 billion in future taxes for Caracas. While the U.S. claims 55% of output, key terms like ownership structure, operator identity, and funding for massive infrastructure remain shrouded in secrecy. Critics call it a betrayal of Venezuelan sovereignty and a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.