Top energy trader Phil Flynn is hailing President Donald Trump’s newly announced agreement to gain majority U.S. control over Venezuela’s staggering 65 billion barrels of oil reserves as a “generational win” poised to significantly lower gas prices for American consumers. Flynn, speaking on “Fox & Friends Weekend,” emphasized that this landmark deal, described by Trump as the “biggest oil deal in world history,” could ensure a generation of low prices and boost Venezuela’s struggling oil industry through American technological expertise. The agreement, which Trump stated was secured at no cost to taxpayers and will more than double U.S. oil reserves, is seen as a strategic move to ease concerns about depleted domestic reserves and reduce reliance on volatile global markets. While immediate price drops at the pump are not expected, Flynn anticipates psychological downward pressure on prices due to the signal of easing geopolitical risks and the end of conflicts that have historically driven up fuel costs. The deal follows a recent U.S. operation to apprehend former Venezuelan leader Nicolás Maduro, preceding a transition in power and this historic energy accord, which Secretary of State Marco Rubio lauded as a major “America First” victory, securing stable, low-cost oil within the hemisphere.
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