# Why Trump's Venezuelan Oil Scam Won't Reduce Gas Prices.

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Text version: https://stenobird.com/podcast/five-minute-news-541397/why-trump-s-venezuelan-oil-scam-won-t-reduce-gas-prices.md
Podcast: [FIVE MINUTE NEWS](https://stenobird.com/podcast/five-minute-news-541397)
Published: 2026-09-02T05:24:00+00:00
Episode link: https://www.podtrac.com/pts/redirect.mp3/pdst.fm/e/mgln.ai/e/1402/pscrb.fm/rss/p/clrtpod.com/m/traffic.megaphone.fm/MTH2851355682.mp3
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Duration seconds: 555

## Resource

Will Donald Trump's new oil deal with Venezuela actually lower gas prices at the pump, or is it political optics? In this video, we break down the claims surrounding the White House's agreement with Venezuela involving 65 billion barrels of subterranean crude oil. From the fine print involving Barbados-headquartered North American Blue Energy Partners (NABEP) and businessman Alejandro Betancourt, to the massive infrastructure hurdles facing Venezuela's oil sector, we separate energy market facts from campaign narrative. In this video, we cover: • The reality behind the "65 billion barrels" claim and the Strategic Petroleum Reserve • The role of NABEP, private oil leases, and taxpayer risk exposure • Why energy economists agree this deal won't lower short-term gas prices • Major oil companies like ExxonMobil and ConocoPhillips hesitating over contract sanctity • The legal and constitutional questions surrounding interim President Delcy Rodríguez • How public financial guarantees socialize risk while privatizing profit Key Takeaways: Raw crude trapped thousands of feet underground cannot immediately affect global crude markets or retail pump prices. Developing these unrefined fields requires hundreds of billions in capital expenditures and years of work. Discover why this high-risk arrangement benefits private corporate interests while leaving American taxpayers on the hook. #energypolicy #GasPrices #OilMarket #Venezuela #Trump #Midterms #EconomicPolicy #StrategicPetroleumReserve Independent media has never been more important. Please support this channel by subscribing here: https://www.youtube.com/channel/UCkbwLFZhawBqK2b9gW08z3g?sub_confirmation=1 Join this channel with a membership for exclusive early access and bonus content: https://www.youtube.com/channel/UCkbwLFZ…

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