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Trump says US has entered deal with Venezuela to take control of 65 billion barrels of oil reserves
WSLS ^ | 8/28/26

Posted on 08/28/2026 4:12:24 PM PDT by CFW

President Donald Trump on Friday said the U.S. has entered an agreement with Venezuela to take control of 65 billion barrels of the South American country’s oil reserves.

Trump in a social media post announced the agreement he said was negotiated by Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Venezuela’s interim President Delcy Rodriguez.

“The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” Trump wrote.

(Excerpt) Read more at wsls.com ...


TOPICS: Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: artofthedeal; nevertrumperssad; oil; trump; trumpdeal; venezuela

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1 posted on 08/28/2026 4:12:25 PM PDT by CFW
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To: CFW
Image
2 posted on 08/28/2026 4:13:06 PM PDT by CFW
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To: CFW

How does that work?


3 posted on 08/28/2026 4:14:45 PM PDT by Jeff Chandler (The issue is never the issue. The issue is always the revolution.)
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To: Jeff Chandler

They will get paid for it.


4 posted on 08/28/2026 4:20:15 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: Jeff Chandler

I agree. How are we doing this?

Why can not a simple negotiation work in the middle east, but Venezuela just hands things over?

Cuba is begging for a new sugar daddy but there is nothing on the table?

And Canada is standing toe to toe with us on stupid stuff?

We can’t even buy Greenland but other countries we simply take?


5 posted on 08/28/2026 4:22:01 PM PDT by Celerity
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To: Jeff Chandler

“How does that work?”


Here are a couple of paragraphs from a WSJ article from yesterday.

https://www.wsj.com/business/energy-oil/trump-administration-in-advanced-talks-for-stake-in-venezuelan-oil-fields-819546d3

“The deal would give the U.S. a foothold in at least 17 of Venezuela’s most promising oil-and-gas fields, housing some 90 billion barrels of proven reserves, almost twice that of the U.S. Venezuela says it has 300 billion barrels of proven reserves, the largest in the world.

Some of the details the U.S. and Venezuela are still working out include whether the U.S. would create joint ventures with private companies, or whether the U.S. would hire companies to work the oil fields, according to one of the people.”


6 posted on 08/28/2026 4:22:20 PM PDT by CFW
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To: Celerity

They will get paid for it.


7 posted on 08/28/2026 4:22:53 PM PDT by dynoman (Objectivity is the essence of intelligence. - Marilyn vos Savant)
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To: CFW

Should be fun watch TDS Positive FReeptards twist themselves into pretzels to criticize this.


8 posted on 08/28/2026 4:23:11 PM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all. )
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To: Texas Eagle

Check the duplicate post.


9 posted on 08/28/2026 4:24:04 PM PDT by Fledermaus (Free Republic is now all Trump hatred all the time from a handful of "Me, Me, Me" babies. )
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To: CFW

Sweet sweet crude. Thank you Mister President.


10 posted on 08/28/2026 4:24:27 PM PDT by onona
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To: Celerity

Ask yourself, who is NOT getting this oil ?


11 posted on 08/28/2026 4:25:17 PM PDT by onona
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To: CFW

Trump just lowered gas prices for Americans at zero cost to taxpayers. This seems historic.


12 posted on 08/28/2026 4:26:28 PM PDT by Kleon
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To: onona
Sour. Seriously, haha.
13 posted on 08/28/2026 4:26:53 PM PDT by Theoria
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To: Texas Eagle

yup....Venezuela needs this deal as much as anyone else...it works for them and works for America....


14 posted on 08/28/2026 4:26:57 PM PDT by God luvs America
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To: Texas Eagle

“Should be fun watch TDS Positive FReeptards twist themselves into pretzels to criticize this.”


That probably won’t take long.

This deal could bring back the middle-class in Venezuela. It will be great for both countries. Remember, Venezuela was pretty much the richest country in South America before communism took over and destroyed everything capitalism had built.


15 posted on 08/28/2026 4:27:45 PM PDT by CFW
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To: Texas Eagle

“ Should be fun watch TDS Positive FReeptards twist themselves into pretzels to criticize this.”

It’s already fun. Two threads of it

Looking for a hand-wringing emoji. Doesn’t exist


16 posted on 08/28/2026 4:29:14 PM PDT by stanne
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To: CFW

Oooookay. So, when does this affect our gas prices? Or does it just continue to fill the oil barons’ pockets?


17 posted on 08/28/2026 4:30:15 PM PDT by RetiredArmy (The Bible speaks truth! Don't believe it, you do so at your own peril. You'd better be right!!)
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To: onona

This!!!!!! See #5


18 posted on 08/28/2026 4:31:26 PM PDT by cornfedcowboy ( )
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To: CFW
Some of the details the U.S. and Venezuela are still working out include whether the U.S. would create joint ventures with private companies, or whether the U.S. would hire companies to work the oil fields, according to one of the people.”

Young men working the oil patch may find some pretty ladies there. I seem to recall many outstanding entries in past Ms. Universe pageants.

19 posted on 08/28/2026 4:32:29 PM PDT by Kudsman (4728)
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To: Texas Eagle

😄🍿🍿🍿


20 posted on 08/28/2026 4:33:12 PM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They Did Eat, They Drank, They Bought, They Sold ......)
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