TRUMP'S VENEZUELA OIL DEAL: US secures control of 65 billion barrels of reserves

D. DAVID WEBB. WELCOME TO THE "THE BIG WEEKEND. SHOW.". THE BIG STORY TONIGHT IS A "FOX. NEWS" ALERT. >> A HUGE WIN FOR AMERICAN. ENERGY DOMINANCE. PRESIDENT TRUMP NOW HAS MAJORITY. CONTROL OF OVER. 65 BILLION BARRELS OF. VENEZUELA'S OIL RESERVES. VENEZUELA -- VENEZUELA'S INTERIM. PRESIDENT IS TOUTING THE. HISTORIC MEASURE. CHOOSING THE PATH OF DIPLOMACY. WITH UNITED STATES OF AMERICA TO.

TRANSFER OUR DIFFERENCES AND THE. COOPERATION OF THAT COOPERATION. INTO INVESTMENT, WELL-BEING AND. TANGIBLE RESULTS FOR. VENEZUELANS. USING BENCHMARK OIL PRICES WHICH. COULD BE HIGHER OR LOWERER OUR. COUNTRIES WOULD REACH A TOTAL OF. $209.335 BILLION. THE PRESIDENT SAYS THE 25 YEAR. AGREEMENT WAS SUCCESSFULLY. BROKERED BY SECRETARY WERE PETEE. HEGSETH AND SECRETARY OF STATE. MARCO RUBIO WHO CALLS IT A HUGE.

WIN FOR AMERICANS AND. VENEZUELANS. REPUBLICANS ARE CELEBRATING THE. MONUMENTAL DEAL. >> THE OIL DEAL SOUNDS LIKE IT. COULD HAVE A POSITIVE IMPACT ON. UNITED STATES AND UNITED STATES. ECONOMY AND ON AMERICAN JOBS IN. THE VERY POSITIVE IMPACT ON GAS. PRICES OVER THE LONG-TERM LONG. TERM. 65 BILLION BARRELS OF OIL IS AN. ENORMOUS AMOUNT OF OIL SO I. COMMEND PRESIDENT TRUMP FOR AN. AGREEMENT THAT ON ITS FACE. APPEARS TO HAVE A REALLY.

POSITIVE ECONOMIC BENEFIT FOR. AMERICA. >> THIS WAS ALL POSSIBLE BECAUSE. OF THE CAPTURE OF VENEZUELA'S. SOCIALIST DICTATOR NICOLÁS. MADURO WOULD HAVE COURSE. DEMOCRATS ARE SLIMMING THE. AGREEMENT. >> THIS IS ESSENTIALLY THEFT OF. THE SOVEREIGN COUNTRIES. RESOURCES OR AS A FORMER. INVESTOR TOLD ME AN ACT OF. IMPERIALISM. >> WEAVES IN THE DETAILS OF THIS. DEAL AND THE CULMINATION OF THE. PRESIDENT ILL-ADVISED COMPLETELY. CORRUPT DECISION EARLIER THIS. YEAR TO UNILATERALLY LAUNCH A.

MILITARY INVASION INTO VENEZUELA. WE WILL RIGOROUSLY SCRUTINIZE. EVERY ELEMENT OF THIS. I DON'T SEE HOW THIS DEAL IS. GOING TO DELIVER THAT ANYTIME. SOON, ANYTIME SOON. >> PRESIDENT TRUMP'S SAID THIS. DEAL WILL DRIVE DOWN GAS PRICES. WHICH ARE UP OVER $1 AT THE END. OF FEBRUARY. JOINING US NOW IS HOUSE. INTELLIGENCE COMMITTEE CHAIRMAN. RICK CRAWFORD. CHAIRMAN IT'S GREAT TO SEE YOU. WE ALL HAD A LITTLE AS THE.

DEMOCRATS WERE TALKING ABOUT. THIS DEAL AND POOH-POOHING IT. APPARENTLY THEY DON'T CARE ABOUT. COOPERATION WITH VENEZUELA AS. MUCH AS VENEZUELA IS EXCITED. ABOUT THE COOPERATION THEY DON'T. SEEM HAPPY IT COULD POTENTIALLY. LOWER GAS PRICES FOR AMERICANS. AT ENOUGH WITH THEM. WE KNOW WHAT THEY ARE GOING TO. SAY. THEY HATE PRESIDENT TRUMP WERE. THAN ANYTHING THAT WE HAVE JUST. DISCUSSED BUT HOW BIG OF A DEAL. IS THIS AND HOW BIG OF A FIGHT. DOES THIS TAKE INTO OUR. DEPENDENCE ON COUNTRIES THAT. HATE US?

>> FIRST OFF I THINK ITS. ACKNOWLEDGMENT THAT SOCIALISM IS. A HUGE FAILURE FOR DELCY. RODRIGUES TO TAKE THIS DEAL. A DIPLOMATIC DEAL BROKERED BY. SECRETARY HEGSETH AND SECRETARY. RUBIO AND A MAJORITY STAKE FOR. THE UNITED STATES. THIS IS CAPITALISM AND THIS IS. WHAT THIS FORMER SOCIALIST. REGIME AND I SAY FORMER BECAUSE. CLEARLY THEY ARE NO LONGER. SOCIALIST IF THEY THINK THEY. WERE TAKING THE DEAL, THEY SEE. THE VALUE OF CAPITALISM. THEMSELVES AND IT'S CRAZY.

BECAUSE THE DEMOCRATIC. SOCIALISTS OF AMERICA ARE MORE. SOCIALIST THAN APPARENTLY MADURO. AND HIS FOREIGN REGIME OR SO. THIS IS A HUGE STEP FORWARD NOT. ONLY FROM AN ENERGY SECURITY. PERSPECTIVE BUT FROM A. GEOGRAPHIC SECURITY. THIS IS A GOOD DEAL FOR THE. UNITED STATES IN A GOOD DEAL FOR. VENEZUELA'S MAIN CHEERFUL AND --. CHAIRMAN CRAWFORD MOLLY HERE BUT. IT'S REMARKABLE SINCE THE. CAPTURE OF MADURO HOUSE THEY. WILL VENEZUELA HAS BEEN THINK. THERE WAS A LOT OF CONCERN IN.

THOSE INITIAL WEEKS THAT THINKS. MIGHT EVOLVE IN THE COUNTRY BUT. IT SEEMS TO BE HOLDING VERY. STEADY AND THE NEXT THAT PERHAPS. IN THE PLAN IS TO RETURN TO. DEMOCRACY AS YOU MENTIONED. WHERE DO YOU SEE THINGS HEADING. IN VENEZUELA IS THIS MAJOR. ECONOMIC DEAL COMES? >> I THINK THAT'S EXACTLY THE. DIRECTION THEY ARE GOING TO GO. AND THAT'S GOOD NEWS FOR US IN. GOOD NEWS FOR THEM. IT'S THAT'S BAD NEWS FOR CHINA. BECAUSE WE KNOW CHINA WAS.

FOMENTING THIS UNREST AND HAS. BEEN FOR QUITE SOME TIME. YOU'VE SEEN THE SIGNAL REALLY. ACROSS THE HEMISPHERE AS YOU. LOOK AT COUNTRIES LIKE FOR. EXAMPLE EL SALVADOR, PERU. LOOK WHAT HAPPENED IN COLUMBIA. RECENTLY. I THINK THEY ARE GETTING THE. MESSAGE THAT THERE IS NO BARGAIN. THAT CHINA HAS TO OFFER AND IT'S. CAPITALISM AND ISSUES FOR THE. UNITED STATES. IT WILL HELP DATA WE ARE SEEING. IN AND VISIT -- VENEZUELA. I VENEZUELA. I DON'T KNOW WHAT THE TIMELINE. WILL BE FOR THEM TO TRANSITION.

THE CLEARLY THEY ARE MAKING THE. MOVE. THAT'S GOOD NEWS FOR US AND GOOD. NEWS FOR VENEZUELA AND I'M. ENCOURAGED ABOUT IT AND I THINK. THE PRESIDENT IS SHOWING. REMARKABLE LEADERSHIP. I WOULD THINK THIS WILL HAVE A. FAIRLY DISTINCT INFLUENCE ON THE. PRICE OF A GALLON OF GAS FAIRLY. QUICKLY. I THINK WE ARE IN THE LOW 80s. RIGHT NOW ON THE WEST TEXAS AND. I SHOULD HOPE THAT WILL COME. DOWN FAIRLY QUICKLY ON THIS. NEWS. >> I THINK WE ALL DO.

MR. CHAIRMAN. WHAT IS YOUR TAKE ON THIS? >> UNITED STATES HAS TWO TYPES. OF ATTACK IN A STARE THAT. UNITARIAN CLUSTER. DID THE UNITED STATES USE. UNITARY. >> THIS IS A QUESTION I WOULD. NEVER ANSWER MY WOULD I ANSWER. QUESTION WHETHER WE DO OR DO NOT. HAVE CERTAIN TYPES OF MUNITIONS. WE HAVE 110%. I'LL NEVER ANSWER THAT QUESTION.

AND AMERICAN PRESS CAN PRESS. WHERE WE ARE OR ARE NOT AND WE. HAD PLENTY WHEN WE NEEDED NEED. IT AND WE HAVE PLENTY NOW AND. PLENTY WHEN WE WILL NEED IT IN. THE FUTURE. >> ITS INITIAL SECRETARY HEGSETH. DOESN'T GIVE DETAILS THAT. COMPROMISE OUR MILITARY'S. ABILITY TO RESPOND TO THREATS. ALL THIS COMES AS THE PENTAGON A. "WASHINGTON POST" REPORT ON THE. CLASSIFIED ASSESSMENTS ON IRAN A.

CRIME. DESPITE ITS FORESEEING SUCCESS. IN THE LEAST AND CENTCOM. CONFIRMS IT'S BEEN CLEAR FROM. THE STRAIT OF HORMUZ FOR U.S. FORCES STRUCK TO IRANIAN. LAUNCHERS AS THEY WERE PREPARING. TO DEPLOY MORE. WITH A LITTLE BIT OF YOUR. BACKGROUND AND YOUR COCHAIR OF. THE CAUCUS AND UNDERSTAND THE. CONCERTED EFFORT WHEN IT COMES. TO UNDERWATER MINES AND THE. SPACE BUT TO GO BACK FROM WHAT'S. HAPPENING IN THE STRAIT AND LOOK. AT THIS GREATER WARFARE IT DOES. LOOK LIKE THE MEDIA AND I GUESS. NOW MAYBE EVEN SOME DEEP STATE.

GENERALS ARE TRYING TO PUT STUFF. OUT THERE TO UNDERMINE THE. SECRETARY OF WAR TO MAKE A. EXERCISE OR A MISSION. IT SEEMS LIKE EVERY DAY THE. HEADLINES ARE HEDGING TOWARDS. PRESIDENT TRUMP GETTING TO WHERE. HE WANTS TO BE WITH IRAN. I KNOW YOU ARE INVOLVED WITH. THINGS LIKE THE NDAA AND. CONGRESS'S ROLE AND YOU ARE A. VETERAN YOURSELF. WHAT IS YOUR TAKE ON THIS? >> WELL I WANT TO GIVE MY AGE. AWAY. YOU MIGHT FEEL THAT TELL BY. LOOKING AT ME BUT I LONG FOR THE.

DAYS OF THE COLD WHERE WHEN WE. COULD AGREE ON WHO THE ENEMY WAS. IN REGARDLESS OF OUR DIFFERENCES. BETWEEN DEMOCRATS AND. REPUBLICANS WE COULD AGREE WHO. THE ENEMY WAS AND WE DIDN'T TRY. TO UNDERMINE THE COUNTRY. BUT THAT'S GONE. IT'S REALLY PRETTY SAD BECAUSE. RIGHT NOW YOU HAVE SEGMENTS OF. THE MEDIA THAT ARE FULLY. INVESTED IN ANY KIND OF. DISCLOSURE THEY CAN MAKE TO. DISCREDIT THE PRESIDENT. THAT'S NUMBER ONE AND NUMBER 2. COFFEE MENTIONED DEEP STATE. GENERALS.

IN EVERY AGENCY IS POPULATED. WITH THE SORT OF ACTIVIST. INDIVIDUALS THAT HAVE THEIR OWN. AGENDA AND AS THEY CLIMB THE. LADDER ONCE THEY GET BEYOND THE. GS-15 SOMETIMES BELOW IN MIDDLE. MANAGEMENT YOU SEE PEOPLE TAKE. THE OPPORTUNITY TO TRY TO. DISCREDIT THE ADMINISTRATION. WHEN THEY CAN. IT'S REALLY DISCONCERTING TO SEE. WARRIORS PURPORTED WARRIORS TAKE. THAT POSTURE. THAT'S SOMETHING JOEY YOU AND I. KNOW THAT'S JUST INAPPROPRIATE. AS VETERANS WE CAN'T TOLERATE.

THAT AND IT'S TO ME AND THAT. GETS MY BACK UP. >> SOMEONE LEAKED SUPPOSEDLY. LEAKED THIS INFORMATION OF THE. SECRETARY'S ORDERS AND IT'S A. WAY OF TRACKING THE MOVEMENT OF. SHIPS AND PERSONNEL MUNITIONS. AROUND THE WORLD. FOR SOMEONE TO ALLOW MEDIA. ACCESS TO THAT IN ANY WAY IS. DISHEARTENIN.