US takes control of BILLIONS of barrels of oil after historic Venezuela deal

THOSE ARE YOUR WEATHER. HEADLINES. CHARLIE, OVER TO YOU. CHARLIE: THANKS, ADAM. OVERNIGHT, VENEZUELA ANNOUNCING. KEY DETAILS ABOUT THE HISTORIC. OIL DEAL WITH THE U.S. REVEALING IT TARGETS ONE AND A. HALF MILLION BARRELS A DAY AND. COULD GENERATE $200 BILLION. WHILE GIVING THE U.S. CONTROL. OF MORE THAN 65 BILLION BARRELS. OF OIL RESERVES. THIS, AS U U.S. MILITARY. OFFICIALS SAY THEY HAVE CONTROL. OVER THE SHIPPING ACCESS TO.

IRANIAN PORTS DURING THE NAVAL. BLOCKADE IN THE MIDDLE EAST. HERE TO DISCUSS ALL OF THIS IS. FORMER TRUMP DEPUTY NATIONAL. SECURITY ADVISOR KT MCFARLAND. GREAT TO SEE YOU AND. PARTICULARLY THIS PARTICULAR. STORY BECAUSE IT'S YOUR. WHEELHOUSE. I WANT TO TALK ABOUT VENEZUELA. WHEN YOU LOOK AT THE DEAL AND I. KNOW THERE ARE OTHER QUESTIONS. ABOUT THIS, BUT IT DOES KIND OF. MAKE YOU WONDER, IF WHEN. PRESIDENENT TRUMP'S MEMOIRS ARE.

WRITTEN, THE WHOLE -- THIS. WHOLE SITUATION IN VENEZUELA. WHERE THE U.S. WINDS UP GAINING. ACCESS TO THESE RESERVES WASN'T. THE PRECURSOR TO HIS DECISION. TO THEN GO AFTER IRAN? >> OH, I THINK IT WAS, AND I. THINK THEY PROBABLY SAW IT --. IRAN MIGHT BE EASIER THAN IT. TURNED OUT TO BE, BUT IT. DIDN'T. IT TURNED OUT TO BE HARDER, BUT. WE STILL WON AND THAT'S THE. DIFFERENCE. WE'VE WON, WE WON THAT WAR.

BECAUSE WHY? BECACAUSE THE OIL THAT WAS MOVIG. THROUGH THE STRAIT OF HORMUZ, 20 MILLION BARRELS A DAY IS. GOING DIFFERENTLY. IT'S GOING THROUGH THE STRAIT. OF HORMUZ, YEAH, PROBABLY 10. MILLION BARRELS A DAY NOW. BECAUSE WE CLEARED THE SOUTHERN. ROUTE, BUT A LOT OF THAT OIL. MOVING BY TANKERS IS NOW MOVING. BY PIPELINE AND IT'S NOT GOING. BACK TO TANKERS AND SOME OF THE. SHORTFALL MADE UP BY AMERICAN. OIL AND NATURAL GAS MOVING OUT. OF THE UNITED STATES. AT THE END OF THE DAY, WE GOT. RID OF THE NUKES AND IF THEY. TRY TO REBUILD THE NUKES WELL,

WE'LL BOMB THOSE AGAIN. AS FAR AS THE IMPORTANCE OF THE. STRAITS, IT'S GOING TO BE. INCREASINGLY IRRELEVANT. ESPECIALLY BECAUSE OF THE. VENEZUELA OIL CONNECTION. WE ARE NOW CONTROLLING A. QUARTER OF THE WORLD'S OIL AND. WHOEVER CONTROLS THE WORLD'S. ENERGY, THE WORLD'S FOSSIL. FUELS IN THE YEARS AHEAD, CONTROLS THE FUTURE. CHARLIE: YOU KNOW, IT'S KIND OF. AMAZING TO THINK ABOUT, BUT FOR. FIVE DECADES IRAN HAS USED. THEIR ABILITY TO PUT THE. SQUEEZE IN THE STRAIT OF HORMUZ. TO GET EXACT, YOU KNOW,

POLITICAL THINGS FROM OTHER. PEOPLE. IT'S ALMOST LIKE THEY KIND OF. PULLED THAT BLUFF THIS TIME. WITH THE WRONG DUDE AND IT. DIDN'T WORK OUT FOR THEMEM AND. THEY MAY HAVE BROKEN THE ONE. THING, THE ONE LEVER THAT. THEY'VE ALWAYS HAD. >> YOU KNOW, THAT'S THE POINT. THEY THOUGHT THEY WERE DEALING. WITH, YOU KNOW, TYPICAL. AMERICAN PRESIDENT. THEY DIDN'T REALIZE IT WAS. DONALD TRUMP AND HE PLAYS BY. DIFFERENT GAMES SO THEY. THOUGHT, OKAY, WE ARE E GOING T. CLOSE THE STRAIT OF HORMUZ JUST. LIKE WE TRIED TO DO WITH. PRESIDENT REAGAN, JUST LIKE.

WE'VE TRIED TO DO MANY TIMES. BEFORE, BUT BECAUSE DONALD. TRUMP ALREADY HAD THE ARMADA. PRE-POSITIONED HE COULD THEN. PUT A BLOCKADE ON IRAN. FOR SIX MONTHS, NO SHIPS HAVE. GONE INTO IRAN NO SHIPS OUT OF. IRAN. THEIR ECONOMY IS SPIRALING AND. AT THE SAME TIME WE'VE GOT THE. WORK AROUND HOW TO GET OIL TO. THE WORLD. YOU'LL START TO SEE OIL PRICES. GO DOWN I THINK DRAMATICALLY. NOW THAT THE SHORTFALL OF 20. MILLION BARRELS A DAY IS NOW. GETTING TO THE PRODUCERS AND. REFINERIES AND IT WASN'T THREE.

WEEKS AGO, IT WASN'T TWO MONTHS. AGO. NOW IT IS SO THE PRICE OF OIL. SHOULD START COMING DOWN AND. HOPEFULLY THE PRICE OF GASOLINE. TO FOLLOW. CHARLIE: KNOW THE ONLY IS IT. SIGNIFICANT IN TERMS OF. AMERICAN POWER IN VENEZUELA, THE U.S. HAVING CONTROL OF. THAT, IT ALSO MEANS THAT OUR. ENEMIES, OUR BIGGEST RIVALS, WHETHER IT'S A COUNTRY LIKE. CUBA OR A COUNTRY LIKE CHINA, DOESN'T HAVE ACCESS, FREE. ACCESS FOR CUT RATE OIL FROM. VENEZUELA? >> YEAH, CHINA HAD BEEN ALL.

OVER SOUTH AMERICA TRYING TO. GET THEIR HANDS ON VENEZUELAN. AND OTHER RESOURCES, OIL AS. WELL. AND NOW THEY'RE GONE. THEY'RE OUT OF THERE. THEY'RE NOT HAVING ACCESS TO. THAT. ALL CHINA CAN GET IS THE. IRANIAN OIL PROBABLY NOT. GETTING THAT MUCH OF ANYWAY. THE GENIUS OF PRESIDENT TRUMP. IS THAT HE REALIZES AS A. BUSINESSMAN, WHAT'S THE BEST. COUNTRY SOLUTION YOU CAN HAVE. TO ALL OF YOUR TRADE, ALL OF. YOUR COMMERCE, ALL OF YOUR. MANUFACTURING, ALL OF YOUR. PRODUCTION, TO DO IT NEARBY? SO, WE DON'T HAVE TO THINK.

ABOUT TRANS SPECIFIC TRADE OR. TRANSATLANTIC TRADE. WE'RE NOW GOING TO HAVE A. WESTERN HEMISPHERE UNITED AT. PEPEACE TRADING WITH EACH OTHER. AND UNDER THE UNITED STATES. LEADERSHIP. THE CHEAP GOODS WE'VE BEEN. IMPORTING FROM CHINA FOR. DECADES ARE NOW GOING TO BE. MADE IN SOUTH AMERICA AND. BECAUSE OF THE ENERGY, PARTICULARLY AS WE LOOK TO THE. FUTURE AND THE REQUIREMENTS OF. THE DATA CENTERS AND ARTIFICIAL. INTELLIGENCE, IT NEEDS A A LOT. MORE ENERGY. WHO IS GOING TO HAVE ALL THE. ENERGY? US. CHARLIE: YES, MAKE THE WESTERN.

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