White House: Venezuela oil deal will secure U.S. energy dominance for a century

The Daily Journal. — The White House said Monday that the oil agreement reached with Venezuela will allow the United States to secure its “energy dominance for the next century” at no cost to American taxpayers. “This deal secures our energy dominance for the next century, all at zero cost to the United States,” President […]

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Pentagon plans to acquire 35% stake in oil company with rights to 17 Venezuelan fields, WSJ reports

The Daily Journal. — The U.S. Department of War plans to acquire a 35% non-controlling stake in a private company that holds rights to develop oil fields in Venezuela, a move that would mark an unusual expansion of the U.S. government’s direct involvement in an energy project in the country, The Wall Street Journal reported […]

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U.S. Oil tycoon sells stake in Venezuelan oil company under Trump pressure

The Daily Journal.- Florida oil tycoon Harry Sargeant III agreed to sell his stake in a Venezuelan oil producer after the Trump administration exerted strong pressure on him to abandon his business interests in the country. According to Bloomberg, the parties signed the deal just hours before the U.S. Treasury Department announced measures against Sargeant’s […]

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