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Geoffrey A. Fields
Geoffrey A. Fields

"TRUMP ANNOUNCES BIGGEST OIL DEAL IN WORLD HISTORY, SAYS IT WILL SUBSTANTIALLY LOWER GAS PRICES"


Venezuela is handing over the nations gold and oil reserves to the United States; New Trump-brokered deal gives Washington a stake in 17 Venezuelan oil fields holding an estimated 65 billion barrels of crude.


"This 25-year bilateral project envisages the development of 17 strategic oilfields with a production target of more than 1.5 million barrels per day," Venezuelan interim President Rodriguez said on state broadcaster VTV.


"This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future," Trump said.



Note: Venezuela controls world's largest oil reserves with over 300 billion barrels

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