Amid ongoing global oil supply disruptions due to the Iran war and Hormuz Strait crisis, and also as Ukraine's war on Russian oil refineries and export terminals heats up, the Trump administration has been scrambling to tap new reliable and long-term energy sources.
Now, nearly eight months since the US miliary raid on Caracas which removed from power and captured socialist President Nicolás Maduro, and the Trump administration is said to be on the brink of a massive deal to gain ownership stake in the countries vast oil resources.
Axios is newly reporting Thursday of 'negotiations' (sure) in the works: "The historic deal would more than double U.S. oil reserves by drawing from a country that has the world's largest proven reserves."
Back in February: Venezuelan acting President Delcy Rodriguez greets US Energy Secretary Chris Wright at Miraflores presidential palace in Caracas, via APThe report cites one official as saying that "Calling this deal huge would be an understatement" as is is "massive."
The wars in Iran and Ukraine, and especially the race to reopen Hormuz to international crude transit, have added heightened urgency to the talks - and given the US Strategic Petroleum Reserve has reached a 40-year low.
Over a dozen productive oil fields are said be central to the "talks", with Trump officials hoping for a quick breakthrough after long hyping Trump's "Donroe Doctrine" and what it can do to bolster American energy independence and security. Of course, instead of 'talks' or 'negotiations'... in reality this is more simply about hammering out details on what orders will be dictated t
