Transcribed
Trump's "Biggest Deal Ever" With Venezuela Isn't What It Sounds Like — 25 Years, Not 100, Legal Authority in Question, and Chevron's the Onl
Aug 31, 2026 ·
32m 4s
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Trump's "Biggest Deal Ever" With Venezuela Isn't What It Sounds Like — 25 Years, Not 100, Legal Authority in Question, and Chevron's the Onl
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Description
Trump announced a massive oil deal with Venezuela, claiming U.S. control over 65 billion barrels and promising lower gas prices. Reality check — it's a 25-year deal, not 100 years,...
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Trump announced a massive oil deal with Venezuela, claiming U.S. control over 65 billion barrels and promising lower gas prices. Reality check — it's a 25-year deal, not 100 years, the legal authority behind it is genuinely unclear since the full terms have never been published, and Chevron is the only major U.S. oil company actually willing to expand there. Aging ports and power outages mean production won't ramp up fast either. Still, strategically, reducing dependence on Canada and Mexico while locking down Western Hemisphere oil looks like a smart long-term bet even with the near-term hype overblown. Meanwhile Iran's economy is genuinely buckling under the sanctions pressure campaign — the IRGC hasn't caved yet, but the numbers inside Iran are getting ugly. All of it today.
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Become a supporter of this podcast: https://www.spreaker.com/podcast/the-tom-sullivan-show--6632619/support.
Remember to call with your money and investing questions 855-295-6600 for the Financial Friday podcast. https://www.spreaker.com/show/7102919/episodes/feed
Information
| Author | Thomas Sullivan |
| Organization | Thomas Sullivan |
| Website | - |
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