President Donald Trump announced Friday that the United States has reached an agreement with Venezuela to gain control over more than 65 billion barrels of the South American nation's proven oil reserves. According to the President's statement, this deal is intended to more than double U.S. oil reserves and "substantially lower gas prices for all Americans."
The specifics of the deal and the mechanisms by which the U.S. will control these reserves have not been fully detailed. However, the announcement has already drawn scrutiny and raised concerns from various critics, who are questioning the implications and potential drawbacks of such an agreement.