Well, it’s big enough:

“At my direction, Secretary of State Marco Rubio, and Secretary of War Pete Hegseth, working closely with Highly Respected Interim President of Venezuela, Delcy Rodriguez, and, through a partnership with private business, have secured majority US control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer,” the president wrote.

“This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future, while helping to continue to set Venezuela on a course toward Tremendous Success and Great Prosperity,” he added.

This was not on my bingo card when I voted for Trump in 2024. But if it’s actually true, it’s quite a development.

From Rubio:

“For the Venezuelan people, this deal will bring nearly $100 billion in private investment, support thousands of high-paying jobs, and drive the reconstruction of Venezuela’s economy,” the secretary of state said.

Win/win? Too good to be true?

I had a college roommate who was an American born in Venezuela, whose father worked in the oil industry there. That’s how I learned, long ago, that the US had been instrumental in developing that country’s oil production, although the Venezuelans always owned the oil fields. You might say it was a mutually beneficial relationship, but Chavez ended it and also instituted other changes that deeply harmed the industry. The blows came from many decisions of Chavez’s; you can find much of the history here.

As for “Highly Respected” Interim President of Venezuela, Delcy Rodriguez, she seems to be willing to deal.