Its Now Official: We Just Made a Monumental Oil

I reported on Thursday that there was a large deal in the offing to purchase an curiosity in Venezuela’s oil fields that might help guarantee our power security. 

Now, both President Donald Trump and Secretary of State Marco Rubio have weighed in, saying they pulled it off and the deal is official. Trump said in a Truth Social post that they’d secured “majority control” over 65 billion barrels; it “more than doubles” our reserves and will “substantially lower gas prices.” 

🚨 BREAKING NEWS pic.twitter.com/vkRV9oOetV

— Department of State (@StateDept) August 28, 2026

BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY! At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working carefully with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with non-public business, have secured majority U.S. control of more than 65 BILLION BARRELS of confirmed Oil Reserves in Venezuela, at no value to the American Taxpayer. This Historic Transaction MORE THAN DOUBLES American Oil Reserves, drastically will increase our Oil Supply, and will considerably decrease Gas Prices for all Americans, long into the future, while serving to to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity. This Transaction will drastically strengthen the already growing relationship between Venezuela and the United States! Thank you for your consideration to this groundbreaking matter. MAKE AMERICA GREAT AGAIN! 

Rubio declared it a “huge win for both the American and Venezuelan people.”

This deal is a enormous win for both the American and Venezuelan people.

It demonstrates how President Trump’s daring overseas coverage is driving America First wins: securing secure reserves and low-cost oil in our Hemisphere and decreasing fuel costs right here at home.

For the Venezuelan… https://t.co/SMSRYGWmVb

— Secretary Marco Rubio (@SecRubio) August 28, 2026

It demonstrates how President Trump’s daring overseas coverage is driving America First wins: securing secure reserves and low-cost oil in our Hemisphere and decreasing fuel costs right here at home. For the Venezuelan people, this deal will carry almost $100 billion in non-public investment, assist hundreds of high-paying jobs, and drive the reconstruction of Venezuela’s financial system.

It’s a deal that both advantages them and us.

Venezuela has one of the biggest oil reserves in the world, with an estimated 303 billion barrels of crude oil in the ground. That’s about 17% of the world’s provide, according to the U.S. Energy Information Administration. Unlike other elements of the world, where geologists have to search for untapped oil, the reserves under Venezuela’s soil are largely mapped and identified, consultants say. But because of dilapidated infrastructure, the nation only produces about 1% of the world’s oil.

Now that it will likely be developed, both of us will likely be getting the benefit. 

This helps additional secure our power independence and scale back any reliance on abroad overseas oil. It’s arduous to encapsulate how big this is. It’s also a enormous message to Russia, China, and Iran. 

As this is a developing story, PinkState will present updates as more data turns into obtainable.

Editor’s Note: Thanks to President Trump and his administration’s daring management, we’re once again revered on the world stage, and our enemies are being put on discover.

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