With his characteristic understatement, President Donald (Boola-Boola) Trump wrote on Truth Social on Aug. 28: “BREAKING NEWS: The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!... Through a partnership with private business, have secured majority U.S. control of more than 65 BILLION BARRELS of proven Oil Reserves in Venezuela, at no cost to the American Taxpayer. 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.”
The hijacked and blackmailed government of Venezuela, under interim President Delcy Rodríguez, signed off on the deal, announcing that Venezuela had been assured that $100 billion in private investment would enter the country to help develop the oil.
But it turns out, as an article in the Aug. 28 Washington Post revealed, that the entire package revolves around coaxing in private capital, which may or may not exist, and that it will all be orchestrated by the Pentagon’s Office of Strategic Capital (OSC).
Readers of EIR will recall that the OSC is the office inside the Pentagon that is run by bankers and speculators, not military professionals, in order to funnel funds into their Military-Industrial Financial Complex. As EIR reported, “Office of Strategic Capital, formed in 2022, is being reorganized and pumped up with new billions by the influential Deputy Defense Secretary Stephen Feinberg, the billionaire former founder and CEO of Cerberus Capital Management hedge fund. That fund is best known for the takeover, bankruptcy, and Treasury bailout of Chrysler/Stellantis at the height of the financial crisis of American automakers in 2004-05. But Feinberg has also owned and traded military-production startups since then. He is reportedly a close friend of Peter Thiel, Vice President JD Vance’s mentor and the Mephistopheles of neocons and defense/surveillance firms.”
