Tuesday, September 01, 2026

Trump’s 100-year Plan for Venezuela’s Oil | The Palki Sharma Show

September 1, 2026 | US President Donald Trump is pushing deeper into Venezuela’s oil industry under a new agreement with Caracas. Reports say a US-linked joint venture would receive drilling rights across 17 fields containing 65 billion barrels of confirmed reserves. The US could also buy 20% of production at cost and receive first refusal over the remainder.

Venezuelan Acting President Delcy Rodriguez describes the project as an investment that will create jobs, production. and government revenue. But the arrangement could significantly expand Washington’s influence over Venezuela’s biggest asset and put existing Chinese and Russian oil interests in the country under pressure.



That woman, Delcy Rodríguez, in Venezuela is either ectremely naïve which I very much doubt, very stupid, which I also very much doubt, or complicit in this Trump-favourable deal. How the Venezuelans are tolerating this is beyond my comprehension. Basically, Trump is stealing Venezuela’s most valuable asset: oil! — © Mark Alexander