Global Warning with Ryan McBeth
Sep 6, 2026 · 25 min · 12 segments
On this week’s Global Warning: - **America has Venezuelan oil on its mind.** - **Salt Typhoon gets an eviction.** - **Israel and Turkey are fighting a cold war in Syria.** - **Japan just dropped a…
Ryan McBethHost
First up, U.S. and Venezuela reach an oil deal worth billions in barrels of oil and in greenbacks.
On Friday, August 28th, 2026, President Trump said the U.S. and Venezuela entered a sweeping agreement that, if realized, could give the U.S. access to vast amounts of the South American country's untapped oil reserves at cost.
According to the Associated Press, the deal was negotiated by U.S. Secretary of State Marco Rubio and U.S. Defense Secretary Pete Hegseth and acting president.
Per a statement made by Delcy Rodriguez's government, the deal involves the development of 17 oil fields with a proven potential of 65 billion barrels.
It says the agreements could draw $100 billion in investment in Venezuela's oil industry and yield over $209 billion in taxes for Caracas.
And the deal has been acknowledged by President Trump through a Truth social media posting.
The United States of America has just entered into an agreement with the country of Venezuela on the biggest oil deal in world history.
Colin Brinkley and San Pablo Ordaz, writing for AP News, found that the deal was funneled through a company formed by the U.S. government and a private operator which has given rights to untapped oil fields for 100 years.
The deal further gives the United States 55% effective output of the new company, including an ownership stake and the rights to buy out at cost.
Brinkley and Arez confirmed that the oil purchase would go to restocking the U.S. Petroleum Reserve, which is at its lowest level since the early 1980s.
Per Delcy's remarks, the deal establishes $19 per barrel are going to Venezuela for each barrel of oil produced and sold to the U.S. And this is not an insignificant deal here.
According to stats on proven oil reserves in Venezuela, the U.S. is about to tap 21% of the country's oil reserves, and that is 65 billion barrels of the total of 303 billion barrels that could be available in the country.
Mark Caputo at Axios writes the Venezuelan oil deal would be a legacy defining moment for President Trump, who has made U.S. energy security and dominance in the Western Hemisphere pillars of his so-called Dunrow Doctrine.
Well, good luck with that because his legacy in other places ain't doing so great.
So why does this matter? Well, this is a precedent setting moment for American foreign policy.
I can't think of another time aside from maybe the early 20th century when an American president made this kind of deal with another country.
This is going to take years to become something the U.S. government can actively rely on.
And while, yeah, we do need to restore strategic reserves, we also need to scrutinize this deal.
How's it going to hold up long term? Will the Venezuelan people actually benefit from it? Are we creating a bigger problem? These are the kinds of transactions that are going to either help us or hurt us, maybe even both.
First up, U.S. and Venezuela reach an oil deal worth billions in barrels of oil and in greenbacks.
On Friday, August 28th, 2026, President Trump said the U.S. and Venezuela entered a sweeping agreement that, if realized, could give the U.S. access to vast amounts of the South American country's untapped oil reserves at cost.
According to the Associated Press, the deal was negotiated by U.S. Secretary of State Marco Rubio and U.S. Defense Secretary Pete Hegseth and acting president.
Per a statement made by Delcy Rodriguez's government, the deal involves the development of 17 oil fields with a proven potential of 65 billion barrels.
It says the agreements could draw $100 billion in investment in Venezuela's oil industry and yield over $209 billion in taxes for Caracas.
And the deal has been acknowledged by President Trump through a Truth social media posting.
The United States of America has just entered into an agreement with the country of Venezuela on the biggest oil deal in world history.
Colin Brinkley and San Pablo Ordaz, writing for AP News, found that the deal was funneled through a company formed by the U.S. government and a private operator which has given rights to untapped oil fields for 100 years.
The deal further gives the United States 55% effective output of the new company, including an ownership stake and the rights to buy out at cost.
Brinkley and Arez confirmed that the oil purchase would go to restocking the U.S. Petroleum Reserve, which is at its lowest level since the early 1980s.
Per Delcy's remarks, the deal establishes $19 per barrel are going to Venezuela for each barrel of oil produced and sold to the U.S. And this is not an insignificant deal here.
According to stats on proven oil reserves in Venezuela, the U.S. is about to tap 21% of the country's oil reserves, and that is 65 billion barrels of the total of 303 billion barrels that could be available in the country.
Mark Caputo at Axios writes the Venezuelan oil deal would be a legacy defining moment for President Trump, who has made U.S. energy security and dominance in the Western Hemisphere pillars of his so-called Dunrow Doctrine.
Well, good luck with that because his legacy in other places ain't doing so great.
So why does this matter? Well, this is a precedent setting moment for American foreign policy.
I can't think of another time aside from maybe the early 20th century when an American president made this kind of deal with another country.
This is going to take years to become something the U.S. government can actively rely on.
And while, yeah, we do need to restore strategic reserves, we also need to scrutinize this deal.
How's it going to hold up long term? Will the Venezuelan people actually benefit from it? Are we creating a bigger problem? These are the kinds of transactions that are going to either help us or hurt us, maybe even both.
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