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Watch: Why is the US-Venezuela oil deal so controversial?

Watch: Why is the US-Venezuela oil deal so controversial?

Summary

President Donald Trump announced a new agreement between the United States and Venezuela to access over 65 billion barrels of Venezuela's proven oil reserves. He said this deal could more than double U.S. oil reserves and help lower gas prices for Americans. The deal has drawn attention and raised concerns among some critics.

Key Facts

  • The U.S. and Venezuela have reached an oil deal involving 65 billion barrels of oil reserves.
  • President Trump shared this news publicly and highlighted benefits like increased U.S. oil reserves.
  • The deal could more than double America’s current oil reserves.
  • One expected result is a decrease in gas prices across the United States.
  • Critics have expressed concerns about the deal, though the article does not specify their reasons.
  • Venezuela holds some of the largest proven oil reserves in the world.
  • The agreement marks a significant shift given past tense relations between the U.S. and Venezuela.
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