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Jonah Goldberg: Americans should be concerned about the fine print on Trump’s new oil deal

7 0
07.09.2026

So, it was a war for oil after all.

On social media Friday, President Trump announced that the United States and Venezuela have struck an agreement for “THE BIGGEST OIL DEAL IN WORLD HISTORY.”

The whole thing is appalling, starting with the all-caps.

I have no love for the Venezuelan regime, run by, in Trump’s words, “the Highly Respected Interim President” Delcy Rodriguez. But this is a “deal” that Rodriguez couldn’t refuse. We invaded her country, abducted her criminal-dictator boss, Nicolás Maduro, and made her our satrap.

According to the Wall Street Journal, Venezuela and the U.S. will work through two intermediaries to get the oil flowing. The Venezuelan partner is Alejandro Betancourt, head of North American Blue Energy Partners. He’s been investigated, though not charged, for money laundering in Spain and Switzerland. He’s also one of the most famous “Bolichicos,” a nickname for the young businessmen who’ve gotten rich from their ties to the socialist, murderous, criminal dictatorship (it’s a portmanteau of “Bolivarian” and “Bourgeois”).

And who is the American partner? Well, the Pentagon, of course. Trump couldn’t get American oil companies........

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