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Trump’s Venezuela Deal Helps His Rich Friends—And That’s It

The Trump administration announced an arrangement with Venezuela last week that would see the US take control of 65 billion barrels worth of oil fields and a significant share of the country’s…

  • Pentagon gets 35% ownership of the company and right to purchase 20% of oil production.
  • Deal criticized for petro-imperialism and lack of benefits for Venezuelans or lower gas prices.

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