U.S. Eyes Historic Venezuela Oil Deal | Colorado Springs News

The U.S. just struck a historic oil deal with Venezuela, unlocking 65 billion barrels across 17 fields—potentially the largest oil pact ever—with American investors getting 55% of output and buying oil at cost. The move could inject $100 billion into Venezuela’s economy and generate $209 billion in taxes, while positioning the new joint venture as the world’s second-largest corporate oil reserve holder. Though touted as a game-changer for global energy prices and economic revival, experts warn it’ll take years and billions to rebuild infrastructure—and convincing major U.S. oil firms to return remains a hurdle. Secretary Rubio says privatization and stability will attract private investment and eventually lower gas prices for Americans. 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/d4ccbbf86904aff7