https://www.live-feeds.com/feed/pentagon-in-talks-with-venezuelan-mogul-for-massive-oil-dealContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/pentagon-in-talks-with-venezuelan-mogul-for-massive-oil-dealhttps://www.live-feeds.com/feed/pentagon-in-talks-with-venezuelan-mogul-for-massive-oil-deal#u54902Wed, 02 Sep 2026 12:55:53 +0000Chevron is expanding its operations in Venezuela following an August 28 announcement by President Donald Trump regarding a deal to develop the country's oil reserves. The White House is partnering with North American Blue Energy Partners to secure a Pentagon stake in these reserves and profits. While the agreement aims for long-term control of Venezuelan oil, it will not immediately lower crude oil or gas prices for consumers. The U.S. government is pursuing a majority stake in untapped reserves through this partnership.Why it mattersThe U.S. is seeking control of 65 billion barrels of Ve https://www.live-feeds.com/feed/pentagon-in-talks-with-venezuelan-mogul-for-massive-oil-dealhttps://www.live-feeds.com/feed/pentagon-in-talks-with-venezuelan-mogul-for-massive-oil-deal#u52118Sun, 30 Aug 2026 07:15:20 +0000President Donald Trump says the U.S. has entered a sweeping agreement to take control of 65 billion barrels of Venezuelan oil reserves. The deal may grant Washington a 100-year lease over oilfields to be allocated to selected corporations. The U.S. government is pursuing this stake through a potential partnership between the Department of Defense and Alejandro Betancourt, an energy investor acting as a middleman. This arrangement would give U.S. interests majority control of a significant portion of the country's untapped reserves at cost.Why it mattersThis move comes as oil markets face