Pentagon Funds Oil Deal With Venezuela | Philadelphia News

The Pentagon’s Office of Strategic Capital is secretly fueling America’s industrial revival by teaming up with a Venezuelan oil venture—led by a controversial exiled billionaire with a checkered past. Under Trump, the office is now eyeing a 35% stake in North American Blue Energy Partners via warrants, while securing first dibs on its oil output—all without costing taxpayers a dime. Originally meant to slash U.S. dependence on Chinese manufacturing, this deal also opens the door to Venezuela’s vast reserves, though it’s unfolding amid global scrutiny and murky legal history for the company’s founder. The State Department’s behind-the-scenes diplomacy to clear his European travel bans? Just another twist in this high-stakes energy gamble. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e62a6912f8b58722