Trump announces massive oil deal with Venezuela

TL;DR

President Trump announced a historic oil deal with Venezuela, securing majority control over 65 billion barrels of oil.
The deal is expected to more than double U.S. oil reserves and substantially lower gas prices.
The U.S. assumed significant control over Venezuela in January after wrestling power from Nicolas Maduro.
U.S. companies will develop Venezuelan oilfields, with the resulting crude supply guaranteed to the United States.
Venezuela's government will benefit from private companies developing its oil industry and increased oil revenue.
Energy Secretary Chris Wright is expected to travel to Venezuela soon.
Trump aims to have Venezuelan oil operations running within 18 months.
The U.S. previously completed a $500 million sale of Venezuelan oil after Maduro's capture.

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