https://www.live-feeds.com/feed/pentagon-is-in-talks-with-venezuelan-mogul-for-massive-oil-dealContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/pentagon-is-in-talks-with-venezuelan-mogul-for-massive-oil-dealhttps://www.live-feeds.com/feed/pentagon-is-in-talks-with-venezuelan-mogul-for-massive-oil-deal#u55049Thu, 03 Sep 2026 02:36:42 +0000The White House is partnering with North American Blue Energy Partners to give the Pentagon a stake in Venezuela's oil reserves. President Trump stated this private business partnership secures billions of barrels of oil. Simultaneously, Chevron confirmed it will invest over $7 billion during the next five years to double its production to approximately 600,000 barrels a day. Bank of America describes the U.S. move to control these reserves as a major policy shift with unclear effects on Venezuela's defaulted debt.Why it mattersThe U.S. previously announced an agreement on August 28 https://www.live-feeds.com/feed/pentagon-is-in-talks-with-venezuelan-mogul-for-massive-oil-dealhttps://www.live-feeds.com/feed/pentagon-is-in-talks-with-venezuelan-mogul-for-massive-oil-deal#u53008Mon, 31 Aug 2026 10:21:45 +0000The United States has entered an agreement to take majority ownership in a joint oil venture with a Venezuelan energy company. Announced on August 28, the deal grants the U.S. a stake in Venezuela's oil reserves. While the administration claims the move secures vast resources, analysts note the agreement will not immediately lower crude oil or gas prices for consumers. The government has not yet released the text of the agreement, leaving the funding sources and drilling timelines unknown.Why it mattersPresident Donald Trump previously claimed the deal provides access to 65 billion barrel https://www.live-feeds.com/feed/pentagon-is-in-talks-with-venezuelan-mogul-for-massive-oil-dealhttps://www.live-feeds.com/feed/pentagon-is-in-talks-with-venezuelan-mogul-for-massive-oil-deal#u51781Sat, 29 Aug 2026 13:01:31 +0000The U.S. government is pursuing a major stake in Venezuelan oil reserves through a potential partnership between the Department of Defense and Alejandro Betancourt, an energy investor acting as a middleman. President Donald Trump claims the administration has entered a sweeping agreement to gain access to 65 billion barrels of untapped oil reserves at cost. This deal would potentially involve a 100-year lease of oilfields to be allocated to selected corporations. While the U.S. seeks this vast stake, reports of the move have sparked anger.Why it mattersVenezuela holds some of the world's