President Trump secures majority U.S. control over 65 billion barrels of Venezuelan oil as Canada threatens its largest customer and squanders its energy advantage.
On Friday night, Trump announced what he called “THE BIGGEST OIL DEAL IN WORLD HISTORY.”
The United States has secured majority control of more than 65 billion barrels of proven Venezuelan oil reserves through a partnership with private business, at no cost to the American taxpayer.
Secretary of State Marco Rubio and Secretary of War Pete Hegseth negotiated the agreement with Venezuela’s interim President Delcy Rodríguez.
The deal covers 17 strategic fields, targets production of more than 1.5 million barrels per day, and is structured as a long-term arrangement (Venezuela says 25 years; other reports cite 100-year development rights).
Rodríguez called it historic and said it could generate roughly $209 billion in revenue for Venezuela while drawing more than $100 billion in private investment.
Trump posted that the 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.”
Rubio called it a win-win: stable, low-cost crude for the United States and investment and jobs for Venezuela.
Trump wrote:
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 closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer.
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, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity.
This Transaction will greatly strengthen the already growing relationship between Venezuela and the United States! Thank you for your attention to this groundbreaking matter. MAKE AMERICA GREAT AGAIN!
It also delivers a potentially devastating blow to Canada’s globalist government.
Canada has long benefited from America’s enormous demand for imported heavy crude. In 2025, Canada supplied 63.4% of the crude oil imported by the United States.
Canada exported approximately 4.3 million barrels of crude oil per day that year. Roughly 90.1%, or 3.9 million barrels per day, went directly to the United States.
Those exports were worth approximately $126.1 billion, according to the Canada Energy Regulator.
In other words, Canada’s oil industry remains overwhelmingly dependent on American buyers.
Carney nevertheless continues to escalate his reckless trade confrontation with the United States while pretending Ottawa can use Alberta’s oil as a weapon against Trump.
The Gateway Pundit reported that PM Mark Carney walked away from trade negotiations with Washington and threatened retaliation targeting several American industries.
Alberta Premier Danielle Smith warned that cutting off or taxing Canadian oil exports to the United States would devastate Canada’s economy and destroy hundreds of thousands of Canadian jobs.
While Carney threatens America, Trump is creating alternatives.
Venezuelan crude presents a particularly serious challenge because it competes in many of the same markets as heavy crude produced in Alberta’s oil sands.
U.S. Gulf Coast refineries were specifically designed to process large amounts of heavy crude. Venezuelan oil could therefore compete directly with Western Canadian Select, pressure Canadian prices, and weaken Ottawa’s negotiating leverage.
Phillips 66 CEO Mark Lashier previously acknowledged that competitively priced Venezuelan crude could displace some Canadian heavy oil. Before sanctions were imposed in 2019, Gulf Coast refineries routinely processed as much as 800,000 barrels of Venezuelan crude per day, Reuters reported.
Trump has been laying the foundation for this energy realignment for months.
Following the capture of socialist dictator Nicolás Maduro, Trump announced that Venezuela would transfer between 30 million and 50 million barrels of sanctioned oil to the United States.
The Gateway Pundit reported that the oil would be sold at market prices, with the proceeds controlled to benefit both the Venezuelan and American people.
Chevron subsequently increased Venezuelan crude deliveries to the United States to approximately 250,000 barrels per day, as The Gateway Pundit previously reported.
Now Trump has taken the strategy to an entirely new level.
Canada will not lose its American market overnight. Its established pipelines, stable production, geographic proximity, and existing refinery relationships remain important advantages. Venezuela’s neglected oil infrastructure will also require years of work and billions of dollars in investment.
But the strategic balance has changed dramatically.
Carney can no longer assume that the United States will remain permanently dependent on Canadian heavy oil.
Every additional barrel flowing from Venezuela gives American refiners another option, reduces Canada’s market leverage, and exposes the catastrophic stupidity of Ottawa’s years-long war against its own energy industry.
Carney brought threats, tariffs, and globalist bluster.
Trump brought 65 billion barrels of oil.
Once again, President Trump is putting America first and leaving another arrogant foreign leader scrambling to catch up.
The post US Signs Historic Venezuela Oil Deal Giving America Majority Control of 65 BILLION Barrels — A Crushing Blow to Canadian Energy and PM Carney’s Oil Sands Legacy appeared first on The Gateway Pundit.