President Donald Trump just laid the blueprint on how to defeat and reorganize a brutal communist regime in less than a year by removing the tyrant and investing in that country’s vast natural resources.
The Joys of Socialist-Communism
Not long ago Venezuela boasted of having the highest living standards in Latin America and attracted large-scale European and Latin American immigration. By 1970 it was the richest country in the region and ranked among the world’s 20 richest by some GDP-per-capita measures, ahead of Spain, Greece, and Israel.
That all ended when Hugo Chavez, the former tyrant, brought his communist-socialism to the country and destroyed the country. By 2016 73% of Venezuelans reported losing around 19 pounds per individual. By 2017 64% of Venezuelans reported losing 24 pounds per individual.
Then President Trump rescued the people and removed their tyran Nicolas Maduro.
Recently, President Trump announced a massive oil deal with Venezuela, “The BIGGEST oil deal in world history.”
Mike Steger from Promethean Action last week described the brilliance of President Trump’s historic oil deal with Venezuela.
Mike includes information that you will NEVER read in the far-left mainstream media.
Mike Steger: President Trump isn’t looting Venezuela using British imperial methods. He’s not even using neoliberal tactics to sink Caracas into debt. He’s actually overturning the entire globalization paradigm, and Venezuela will be his scientific demonstration of the revival of true American methods. Venezuela is sitting on more oil than Saudi Arabia and Russia combined. The largest reserves in the world, and Trump just signed the biggest oil deal in history.
The failed British model of the 19th century was tried and seen in Persia, and it led to World War I. The post-war US liberal world order was certainly tried, and it failed. And China’s answer, the Belt and Road, is more about China than the world. This Venezuela deal, which many globalist rags are calling a violation of Venezuelan sovereignty, as if they even know what that is, is actually the outline of a third option for real global development. I’m Mike Steger, and I’ve spent 25 years fighting to revive this third option: the American System…
…Trump’s deal in Venezuela is much bigger than just oil.
Okay, here’s the scale of what just happened. In the biggest oil deal in history, President Trump secured a U.S. majority control of more than 65 billion barrels of proven oil reserves in Venezuela. Venezuela has 300 billion barrels of known reserves, the largest in the world, and they are the second largest deposits of natural gas in the Americas. Current US oil reserves are about 45 billion, so it provides the United States large access to new reserves. And clearly, it’s an antidote to the overreliance globally on the Persian Gulf.
But look who’s benefiting from the deal. It’s not BlackRock, not an oil major’s boardroom. The US Department of War’s Office of Strategic Capital the actual American government, is taking a direct 35% stake in the Venezuelan company North American Blue Energy Partners, which was established in 2024, and all of this is at zero cost to the American taxpayer. This makes the Office of Strategic Capital, the OSC, more like a sovereign wealth fund than a small Pentagon venture capital fund. This may mean even more investments into US industry from the OSC.
The State Department also gets to purchase 20% of all oil produced at cost, which eats at the profits of the private company, not Venezuela’s revenue. And state has the right of first refusal for the rest, meaning during an emergency, the US can secure sufficient oil supplies. So what’s this private company all about? North American Blue Energy Partners is registered in Barbados, with all 3 offices in Venezuela. It has a Venezuelan president and is under the jurisdiction of US law.
The Venezuelan government will set their share of the revenue based on Venezuelan law. It can be as high as 30% of the market value of all oil extracted, plus a 15% tax on monthly gross revenues of that private company. So it’s a good deal. There will be up to $100 billion in new Venezuelan infrastructure and a projected $200 billion for Venezuela in royalties and taxes over the first 25 years. Just to give some perspective, the annual federal budget for Venezuela in 2025 was just $22 billion.
Watch Mike Steger’s entire segment on the historic Venezuelan oil deal below.
Trump’s Venezuela oil deal is the biggest deal ever made.
Beyond just oil, it marks a break from British imperialism and globalization, and exposes the failures of China’s Belt and Road.
Venezuela may now be the best test case for a revived American System for the entire… pic.twitter.com/KjiPsebChG
— Mike Steger (@stegerMG) September 3, 2026
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