[RedState] "Calling this deal huge would be an understatement," one of the officials said. "It is massive."The Trump administration is in talks with Venezuela's interim government about taking an ownership stake in the South American country's enormous oil resources, two U.S. officials tell Axios.
Why it matters: The historic deal would more than double U.S. oil reserves by drawing from a country that has the world's largest proven reserves.
They're still working out the details, but the deal pertains to more than a dozen productive oil fields which have "90 billion barrels of proven reserves."
The fields in question, which have 90 billion barrels of proven reserves, used to be controlled by former Venezuelan insiders — including some who've been indicted — as well as interests once controlled by China, the official said.
In return for giving the U.S. an ownership stake, Venezuela's government would benefit from private companies, including American firms, developing the fields and returning more oil revenue to that country.
So not only are we getting the oil, but taking it from the radical leftists. Nice.