65 Billion Barrels Could Change America’s Energy Future
America’s oil production boom transformed the global energy landscape. Now, a new U.S.-Venezuela oil agreement could become another significant piece of America’s long-term energy strategy.
Just The News reports,
“The Trump administration’s recently secured deal with Venezuela that gives the U.S. majority control over more than 65 billion barrels of proven oil reserves in the South American country also has the potential to replace at least some of the United States’ oil coming from shale, with that well-drilling technology facing a decline.
The reserves will add to the roughly 46 billion barrels of proven U.S. territorial reserves America currently has under its control.”
That could become increasingly important as the U.S. energy industry considers the long-term productivity of domestic shale fields and looks for additional sources of supply.
The immediate impact of the Venezuela agreement remains uncertain. But its 65 billion barrels of reserves and growing private investment give the deal the potential to influence America’s energy strategy for decades to come.
September 10, 2026