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American Power

American Power

Did Trump Get Played on Venezuela’s Oil Deal?

American Power · Sep 2, 2026 · 1:17:51

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This week on American Power, Nat Towsen, Chad Scott and Matt Randolph dig into Trump’s Venezuela oil deal, from questions about the country’s massive reported reserves and whether its heavy crude can actually refill the Strategic Petroleum Reserve to the enormous investment required to develop new production. They also examine whether the deal is really about countering China and why Venezuela’s history of nationalizing foreign oil investments could leave American companies and taxpayers holding the bag.

Then, as fighting with Iran escalates again, they examine dwindling U.S. munitions, the Strait of Hormuz, and whether America still has a viable path to victory.

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Episodes: American Power

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