WHAT’S HAPPENING

President Donald Trump announced what he called "the biggest oil deal in world history" with Venezuela, securing majority US control over an estimated 65 billion barrels of oil reserves.

The agreement, negotiated by Secretary of State Marco Rubio and Secretary of War Pete Hegseth with Venezuelan interim President Delcy Rodriguez, grants a 25-year concession for oil fields containing roughly 21 percent of Venezuela's total proven reserves.

The rest of this story is for members.

Read stories the media hides, with uncensored insights and expert analysis. Delivered in a daily email.

Get 30 days for $1.99 →

A subscription gets you:

  • The 5-minute morning briefing. Today's biggest stories, fast.
  • Spin and hoaxes, debunked. So you never get fooled.
  • The stories the media buries. Simple, and summarized.
  • Analysis, never opinions. You decide what to think.
  • 🎧 Audio version for on-the-go

See more Upward News in Google: add us as a preferred source

Reply

Avatar

or to participate

Avatar

David Hooten2 months ago(edited)

Yes, it helps cement a better future for Venezuelans. There are many multi-national partnerships in the world. This is a good move. It helps bring enrichment to Venezuela and helps prevent the return to Socialism and Marxism. This is a voluntary partnership, not a conquest.

Avatar

Fred Scott2 months ago

I do, because if done right, it will benefit both countries! We must ensure that corruption by politicians and industry does not affect this honorable goal for the people of these two nations!

Avatar

Jim Powers2 months ago

Absolutely! After Biden drained our strategic reserves to lower gas prices after disastrous economic decisions, this is a win for the US. Providing that much capital to Venezuela definitely makes is a win for them as well.

Avatar

Bonnie Hissom2 months ago

Yes. As Secretary Rubio said, it’s a win win.

Avatar

Mary Burke2 months ago

No. No wonder most countries hate us..

Avatar

Colonel Sanders2 months ago

Spoken like a true Marxist

Avatar

MU 20022 months ago

as opposed to some long-lost era where most countries loved us? Give me a break.

Avatar

Bob Hrebec2 months ago

Haters are either Marist or jealous.

Avatar

Anthony Ciampa2 months ago

Mary, can you explain what you mean by that? What exactly is wrong with this deal? Or is it just that the current administration did it and you hate them therefore…

Avatar

Douglas Leard2 months ago

Yes, of course. Venz will be better off, and the contrast of capitalism v. socialism is very valuable.

Avatar

Michael H.2 months ago

This deal is a large step towards US energy independence. It certainly takes a significant amount of pressure off the demand for oil from the middle east, which is an absolute must for America's economic state.

Avatar

Terry McCall2 months ago

Yes, this agreement helps both sides and keeps China out.

Avatar

Shirley Damonte 2 months ago

Yes

Avatar

sharon smith2 months ago

Yes, Venezuelans need all the help, both economic and political, they can get.

Avatar

Bob Hrebec2 months ago

Of course. Helps us and Venezuela...... and gives us a foot hold in Central America again.

Avatar

Jim Powers 2 months ago

Yes!

Avatar

Ray Oden 2 months ago

Yes. It blocks the BRICS alliance from taking advantage of the oil and it's revenues, and will significantly benefit US diplomacy and status in LATAM.

Avatar

Van Arden1 month ago

I don’t understand why oil prices don’t go down if we control the oil in Venezuela. It seems we have plenty of oil, so why the high price???

Avatar

Shaun Hurrie2 months ago

Absolutely!

Avatar

Karl Hermansen2 months ago

Yes. Absolutely. Without reservation.

Avatar

Bernie Peer2 months ago

I support President Trump, so yes. He has done so much good for us

Avatar

Mr. B2 months ago

MAVA!

Avatar

Rose Walsh2 months ago

Yes, of course.