Trump: U.S. Controls Majority Stake in Over 650 Billion Barrels of WSO Reserves

BlockBeats News, August 29th - On August 28th, President Trump announced on social media that the United States has reached an agreement with Venezuela, gaining a "majority control" over Venezuela's proven oil reserves of over 65 billion barrels.

The collaboration between the U.S. and Venezuela, done through partnerships with private companies, has secured a "majority control" over Venezuela's proven oil reserves of over 65 billion barrels, with no cost to American taxpayers.

Trump stated that this deal "will more than double the U.S. oil reserves, significantly increase oil supply, and dramatically reduce U.S. gasoline prices for the foreseeable future." However, Trump did not disclose the specifics of the agreement, and the White House has not formally announced this.