In an attempt to significantly lower gas prices for US consumers, President Trump announced a historic agreement where in a US backed private joint venture, The United States will secure control over 65 billion barrels of Venezuela's proven oil reserves. The agreement, announced in late August follows the U.S. military capture of former Venezuelan President Nicolás Maduro in January 2026. The deal was finalized with Venezuela’s interim President, Delcy Rodríguez.
### The Funding Of Future Wars
In the deal, the Interim Venezuelan authorities granted the United States a one hundred year concessions across seventeen strategic oil field locations to what is now known as The North American Blue Energy Partners or (NABEP). Under the NABEP, at no cost to US taxpayers, they will grant The US Department Of War a thirty five percent stake equity in it's corporate parent.
The NABEP will also allow The U.S. Department of State to retain a guaranteed right to purchase 20% of the off-take at production cost. This should then be used to refill our Strategic Petroleum Reserve (SPR) and support military operations.
### **What's In It For The Consumer**
The Historic agreement is suppose to immediately provide relief at the pump for US Consumers. At the same time, it's also supposed to generate over two hundred billion for the Venezuelan people but it seems as with everything else, there's a lot of work to be done. The work that needs to be done is being met with major skepticism from a combination of major media outlets, investors and industry experts and these are their concerns.
1. Infrastructure: Industry experts believe that decades of underinvestment will make things pricey and decay have left Venezuela's oil infrastructure in severe disrepair.
2. Corruption may still exist within the interim system and may have to be addressed as it had in the past.
3. Timeline: Experts estimate it will take years of heavy capital investment before these 17 fields produce enough output to meaningfully impact global fuel prices. Downplaying President Trump's immediate relief at the pump claims
4. The Private Industry still remains skeptical. Oil giants such as ExxonMobil and ConocoPhillips in the past has historically avoided returning to Venezuela due to systemic infrastructure neglect and investment risks. It can take years before the consumer and benefit from this ROI at the pump.
As industry giants remain skeptical, to get to the bottom of things on a consumer level let's take a look and compare both oils. Even though by industry standards they are considered total opposites, they can still be compared. Rather than looking at one as better, they are dependent on each other and can maximize efficiency.
US oil reserves, consists of oil that is considered to be light and sweet while Venezuelan Oil is the total opposite which would make it heavy and sour. Light and sweet meaning flows easy low sulfur and metal contaminants. Venezuelan Oil is thick like molasses making it heavy and filled with sludge making it sour.
To determined which oil is better, we have to figure out who's buying and how this energy source is being implemented. For general usability and cost, The United States oil reserves is universally better, for global refineries. Another factor we should take into consideration is that Venezuelan Oil cannot be stored in our reserves because it is way too thick to flow efficiently, destroy the cavern and fail to offer immediate flexibility during a crisis.
Since Venezuelan Oil is so different from ours and it cannot be stored in our actual reserve how can our President turn this into a win for American Consumers if he hasn't already done so.
Decades ago, massive U.S. refineries in Texas and Louisiana spent billions of US dollars installing complex equipment mainly cokers specifically designed to process heavy, low-cost Venezuelan crude. Currently, Our Refineries in the Gulf region is only running _only_ light U.S. shale oil causing these refineries to run below optimal efficiency.
President Trump need to redirect that heavy and sour to our refineries so we can create just enough jobs to run our refinery at optimal efficiency. Even though this move may or may not have an immediate effect on market numbers at least we will be in business as an independent defacto in the oil industry while sitting on our reserves somehow in Alaska maybe?
Another positive is even though US oil and Venezuelan crude are total opposites, when blended together, the end result is complimentary. Ultimately, the two types of oil complement one another perfectly. With this in mind, there is a huge potential that our refiners achieve their highest profits and fuel yields by blending light U.S. shale with heavy Venezuelan crude to create the perfect mix of gasoline, diesel, and jet fuel.
So with these three new oil products on the market in combination with the war department being in charge of the management of US financial assets in Venezuela, I wouldn't be surprised if a majority of the profits and finished supply go towards Military operational readiness giving the consumers a break at the pump.
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Sources: Louis Jacobson, PolitiFact Sep 5, 2026 1:17 PM
By Arathy Somasekhar and Georgina Mccartney September 2, 2026
"Venezuela's heavy crude could be swapped for American oil to fill emergency reserve, Wright says"