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U.S. Locks In 100-Year Oil Deal With Venezuela | Global News
- Published
- August 30, 2026
- Duration
- 1:55
- Summary source
- description
- Last updated
- Aug 30, 2026
Discusses daily.
Summary
The U.S. government and a private operator just signed a shocking 100-year deal with Venezuela to access its vast oil reserves—granting America 55% of output in hopes of slashing gas prices. With Venezuela’s estimated 65 billion barrels potentially worth $100 billion, the plan includes funneling oil into U.S. reserves and military use, touted as a step to…
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Show notes
The U.S. government and a private operator just signed a shocking 100-year deal with Venezuela to access its vast oil reserves—granting America 55% of output in hopes of slashing gas prices. With Venezuela’s estimated 65 billion barrels potentially worth $100 billion, the plan includes funneling oil into U.S. reserves and military use, touted as a step toward energy independence. But skepticism runs high: Venezuelans see it as a betrayal of their resources, while experts question the legitimacy
Themes
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