The David Lin Report · Wednesday, September 2, 2026
The White House announced a new oil deal with Venezuela, granting the United States a 35% stake in an estimated 65 billion barrels of reserves, with production intended for US refineries. However, the effectiveness and timeline of this deal are questioned, with limited progress seen over the past six months.
“Meanwhile, the White House says its new Venezuela oil deal gives the United States a 35% stake in 65 billion barrels of reserves with output bound for US refineries.”
“So, I think this is just it's a it's a useful sort of nonsensical talking point for them to try to force down the price of oil in the middle of the war for for essentially it's it's what propaganda is for, which is to accomplish war goals in a different means. And so, I think it's best just interpreted as that.”