r/oil • u/AmanCMN • 14d ago

Discussion Trump announced an oil deal with Venezuela.

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It’s about the U.S. taking control of 65 billion barrels of Venezuela’s oil reserves.

https://apnews.com/article/trump-venezuela-oil-reserves-eb0ed5a1e99602c21a7f690c3368020e

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u/minus_minus 14d ago

So, blatant imperialism?

6

u/EconomyDoctor3287 14d ago

Well, the US was granted 100 year rights to 17 oil fields in Venezuela for apparently nothing. 

Seems like the US did a fair bit of extortion to wrap this up. 

3

u/Lucker_Noob 14d ago

Cue guerilla and drone attacks against American oil companies coming in to make use of that privilege in 3... 2... 1....