TRUMP DROPS 65 BILLION-BARREL BOMBSHELL: US TAKES OVER VENEZUELA’S OIL EMPIRE, PROMISES $2 GAS
GREATRIBUNETVNEWS–IN a stunning midnight power move, President Donald Trump has declared America’s energy dominance — securing total U.S. control of Venezuela’s jaw-dropping 65 BILLION barrels of oil for FREE.
Trump announced Friday night that his top hawks, Secretary of State Marco Rubio and Secretary of War Pete Hegseth, sealed the historic pact with Venezuela’s Interim President Delcy Rodriguez in partnership with private U.S. oil giants.
It’s a game-changer that instantly MORE THAN DOUBLES America’s oil reserves.
“This Historic Transaction will substantially lower Gas Prices for all Americans, long into the future,” Trump boasted on social media, as Americans groan under $4+ gas just weeks to the midterms.
The timing is explosive. With the Iran war choking one-fifth of world oil supply and U.S. emergency reserves at their lowest since the 1980s, Trump is pitching this as rescue for the American wallet and a death-blow to high prices.
Venezuela’s Rodriguez confirmed the deal, saying the reserves will now fuel “national development, job creation, and the well-being of our people.”
A White House official told CNN the negotiated deal will grant the United States “55% effective output of a new private joint venture that will be the second-largest private oil company by reserves in the world.”
With US support, the official said, Rodríguez granted a private company 100-year concessions for the oil fields. The official added the private company is a joint project of the US government and a private operator in Venezuela.
“The United States Government has secured more than half the value of this new oil giant, split between equity ownership and guaranteed at-cost off-take. As the company scales production, the resulting stable supply of at-cost oil in our Hemisphere will go toward filling the U.S. strategic petroleum reserve and fulfilling the supply needs of our Great U.S. Military,” the official said.
Rubio called the deal a “huge win for both the American and Venezuelan people.”
“For the Venezuelan people, this deal will bring nearly $100 billion in private investment, support thousands of high-paying jobs, and drive the reconstruction of Venezuela’s economy,” Rubio said shortly after Trump’s announcement.
At the start of the year, the United States captured Venezuela’s Nicolás Maduro in a large-scale military operation, bringing the leader and his wife to New York to face criminal charges. After the military operation, Trump said American companies would work to rebuild Venezuela’s oil industry.
In January, Venezuelan lawmakers approved a law change, backed by Rodríguez, to make it easier for foreign companies to take part in the country’s oil industry.
Venezuela has more proven oil reserves than any nation on the planet.
SOURCE ==CNN==EXCEPT THE HEADLINE AND INTRO PLUS A FEW PARAGRAPHS
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