this post was submitted on 29 Aug 2026
175 points (94.4% liked)

News

39029 readers
2899 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials, videos, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 3 years ago
MODERATORS
top 40 comments
sorted by: hot top controversial new old
[–] febra@lemmy.world 5 points 1 day ago

So when I rob someone at gunpoint I can just say they have entered a deal with me to give me their stuff and maybe I'll throw them back a penny.

[–] weps@lemmy.world 1 points 1 day ago

can we please have confirmation from the side of Venezuela? not much has been true of what Trump says

[–] MonkeMischief@lemmy.today 5 points 1 day ago

And by deal, he means kidnap the leader and steal the country's oil.

[–] DaddleDew@lemmy.world 87 points 3 days ago* (last edited 3 days ago) (1 children)

Venezuela is now a subservient resource colony for Trump's billionaire friends to exploit and pillage.

This is what they tried to do to Canada as well during the last trade negotiations.

The growing oligarchy in the US is a parasite that kills its host. It can only survive if it finds new hosts to infect.

[–] Mihies@programming.dev 4 points 3 days ago

Chávez must be turning in his grave

[–] KulunkelBoom@lemmus.org 19 points 2 days ago (1 children)

So he's stealing 65 billion barrels of oil from Venezuela. And he's probably threatening them with war and death if they don't "sign on".

[–] IronBird@lemmy.world 8 points 2 days ago* (last edited 2 days ago)

not really, this "deal" covers fields that are untapped or in heavy disrepair. will take years of infrastructure buildoit to exploit and it's unlikely any serious capital will be rushing to do that, as historically when the US has done this to venezuela...after the admin switches hands they just nationalize that infrastructure and go back to business as usual.

this is just venezuela leadership telling trump and co. "sure...whatever, now leave us alone" in the hopes they'll fuck off get distracted by something else until being replaced by a sane actor shortly.

same as every other deal of supposed investment with the US, UK/South Korea etc. agree to some stupid figure in a half-assed promise for trump and co. to parade on headlines. then they forget you exist and fuck off

[–] credo@lemmy.world 75 points 3 days ago* (last edited 3 days ago) (2 children)

Is that the deal where the US stops attacking fishermen, and Venezuela pays the ransom?

https://www.britannica.com/event/2025-US-Strikes-on-Venezuelan-Vessels

[–] ShellMonkey@piefed.socdojo.com 28 points 3 days ago

Pretty much, if there had ever been so much as a joint on one of those boats Donnie would have been parading it around as justification

[–] BrianTheeBiscuiteer@lemmy.world 14 points 3 days ago (1 children)

Probably more like we get their oil and in return we won't depose their new puppet ruler.

[–] Revolver1864@piefed.social 3 points 2 days ago (1 children)

You should be focussing on deposing your own pedophile ruler buddy.

[–] emmanuel_car@fedia.io 3 points 2 days ago (1 children)

Don’t call me buddy, guy, I’m not your buddy.

[–] liuther9@lemmy.world 1 points 1 day ago

He didn't call you his buddy

[–] UnLocoPoco@lemmy.world 11 points 2 days ago

Kidnapping a country's leader and then capturing the oil refineries and oil fields is NOT the definition of a "deal" 🙂

[–] Bakkoda@lemmy.world 3 points 1 day ago

We made a deal with ourselves basically?

[–] Redvenom@retrolemmy.com 16 points 2 days ago (1 children)

Does He still have Maduro kidnapped somewhere?

[–] Witchfire@lemmy.world 6 points 2 days ago

He's at Rikers last I heard

[–] njm1314@lemmy.world 15 points 2 days ago

Considering how little we teach the Banana Republic era in schools I wonder how few Americans recognize what's going on here. How many of them know about the American conquest of Haiti or the Dominican Republic or any of the other dozen countries America conquered and pillaged.

[–] CharlesDarwin@lemmy.world 15 points 2 days ago

LOL, "deal".

BRB gonna make a deal at the house down the street where I show up with a gun and they give my ownership and praise me for it daily

[–] MummifiedClient5000@feddit.dk 31 points 3 days ago
[–] mossberg590@lemmy.world 12 points 2 days ago* (last edited 2 days ago) (1 children)

Venezuela has twice nationalized the oil infrastructure, 1976 and 1999. Meaning they kicked out the foreign companies that invested and built infrastructure. This is why Trump couldn't find any companies willing to do it a third time. So now it seems the US is gaurantieeng the security with this "lease". This is a scary prospect all the way around.

[–] AviAdi@lemmy.world 12 points 2 days ago

New forever war started

[–] itisileclerk@lemmy.world 14 points 2 days ago

Fucking USA!!!!! They just steal whatever they want. They are World's enemy No. 1.

[–] Hello_there@fedia.io 17 points 3 days ago (1 children)

This seems like a much bigger deal than the news has portrayed. It seems like Trump feels like he can't do fun things (bomb Iran) because of the oil stockpile. So he is doing anything he can to try to show markets that he has oil so he can get back to doing fun.

Consumption of US is 19.4 million barrels a day.
https://www.ceicdata.com/en/indicator/united-states/oil-consumption So 65 billion seems like a lot.

However, "The bulk of the country’s petroleum is made up of heavy, sour crude oil—a dark, gloopy, acidic substance that is both high in sulfur and relatively difficult to recover. This type of crude oil is very useful in asphalt production, but it needs to undergo a longer refining process to be made into more lucrative products, such as gasoline and other fuels, compared with lighter crude oil" https://www.britannica.com/science/How-Much-Oil-Does-Venezuela-Have-and-How-Much-Is-Accessible

If our processes are set up to process one type of oil, can we even switch to another type? How many refineries can do it? How much is wasted in the process and what is the rate? This seems like everything trump does: effective on a first glance but the moment you start thinking or asking questions it falls apart

[–] justOnePersistentKbinPlease@fedia.io 16 points 3 days ago (1 children)

Actually, most US refineries are set up to refine that heavy goop. It is not dissimilar to Alberta's tar sands product (bitumen). And most US oil comes from Canada.

Him getting this oil is a piece of leverage against Canada and trying to remove a card from Canada's deck against him taking our country.

[–] redsand@infosec.pub 6 points 3 days ago (1 children)

And it has the subtle weakness of a tanker and port bottleneck

[–] justOnePersistentKbinPlease@fedia.io 5 points 2 days ago (1 children)

Also, as CBC pointed out this morning, this is basically the same annoucement he did when the US first took Venezeula.

Since then, apparently none of the oil companies have moved into Venezeula, so this might be an attempt to get any traction there.

[–] uzername@lemmy.world 2 points 2 days ago* (last edited 2 days ago) (1 children)

"Venezuela's oil exports fell slightly to 1.16 million barrels per day in July from 1.2 million bpd the previous month as the country drained fewer inventories, but exports to the U.S. jumped ​to some 786,000 bpd, the highest since early 2019, shipping data showed on ​Monday." https://www.reuters.com/business/energy/venezuelas-oil-exports-fell-slightly-july-cargoes-us-rose-2026-08-03

No new projects are shovel in dirt.

Lots of promises and deals in thr making with Venezeula

[–] resipsaloquitur@lemmy.cafe 10 points 2 days ago

“Control” meaning steal?

[–] AviAdi@lemmy.world 7 points 2 days ago (1 children)

So this won't do much for gas prices

[–] green_goglin@thelemmy.club 1 points 1 day ago

As always, Dookie Donnie starts the week with an empty gesture manufactured solely for PR optics newswire spam to juice capital markets.

[–] I_Fart_Glitter@lemmy.world 8 points 3 days ago
[–] Akasazh@lemmy.world 3 points 3 days ago* (last edited 1 day ago)

Has Venezuela entered the deal too, or is it unilateral?

spoiler

The question is rhetorical

[–] Hiro8811@lemmy.world 2 points 3 days ago

Aha, let me guess, only place to get that fuel is trump's gas station?

[–] ironpangolin29@lemmy.ca 1 points 2 days ago (2 children)

Doesn't refining sour crude result in higher gasoline prices?

[–] anon_8675309@lemmy.world 6 points 2 days ago

Trump doesn’t know there are types of oil. But that’s okay, MAGA don’t either so he looks to them like a genius.

[–] Earthwormjim91@lemmy.world 2 points 2 days ago* (last edited 2 days ago)

No?

Sour crude is what the US refineries are set up for. It’s why we export the sweet crude we actually produce and import sour.

Almost all of what goes through the Strait of Hormuz is sour crude. 80% of the crude market is sour crude.

The US is almost unique in that we are the major sweet crude producer, but our refineries are set up for sour crude.