Trump's Oil Deal Is the Monroe Doctrine With a Term Sheet: 100-Year Rights and Beijing Locked Out
streiff X Follow @streiffredstate | 6:25 PM on September 04, 2026
When President Trump announced a major government investment in Venezuelan oil fields on August 28, it was and was not a shock.
Ever since the raid that removed Nicolas Maduro from office (see Venezuela Promises to Be a Geopolitical Game Changer If Trump Can Convert a Triumph Into Victory – RedState), President Trump has encouraged U.S. oil companies to invest in Venezuela. He eased sanctions. He invited oil company executives to the White House.
The “how” of the investment came as a shock to just about everyone. Even though it culminated weeks of negotiations with the Venezuelan government, those negotiations were reported in the context of the U.S. government going to bat for U.S. oil companies, not as the government acting in its own right.
So when President Trump announced “majority U.S. control” of 65 billion barrels of proven reserves and Secretary of State Marco Rubio and Secretary of War Pete Hegseth were the U.S. partners, a lot of people came unglued; see Huge Deal in Process With Venezuela That Could Ensure Our Energy Security – RedState and It's Now Official: We Just Made a Monumental Oil Deal With Venezuela - It's Great for the Country – RedState.
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READ MORE: https://redstate.com/streiff/2026/09/04/monroe-doctrine-with-a-term-sheet-100-year-rights-venezuelan-oil-and-beijing-locked-out-n2206524
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