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US-Venezuela Oil Deal Won't Lower Your Gas Prices. What You Need To Know

"The Trump administration announced an agreement with the Venezuelan government on Friday to develop a vast amount of Venezuela's oil reserves.

The U.S. government says it is entering into a joint venture with a private Venezuelan company, according to an official who spoke to NPR on the condition of anonymity because they are not authorized to speak publicly about the deal. The Trump administration says the U.S. would get 55% of the oil from the joint venture. That's equivalent to about 65 billion barrels of oil that's under the ground.

Source: NPR, 09/01/2026

Texas And Louisiana Could Get Hit By Fast-Spin-Up Tropical Storm Tuesday

"Tropical Storm Warning flags were flying today on the Gulf Coast of southeast Texas and southeast Louisiana ahead of the expected arrival on Tuesday of Tropical Depression Five (TD 5), which was designated a tropi�cal depression at 2 p.m. EDT Monday. As of 11 a.m. EDT Monday, TD 5 was predicted by the National Hurricane Center to become a tropical storm before its center reaches the Texas-Louisiana coast on Tuesday afternoon. The next name on the Atlantic list is Edouard."

Source: Yale Climate Connections, 09/01/2026

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