Politics

EXPOSED: Dems Demand Venezuela Oil Brief, Then Skip Town Before They Get It — State Dept Calls It 'Grandstanding'

Gary FranchiOctober 2, 202672 views
Senators criticized for missing crucial briefing on Venezuelan oil stake legality.
Senators criticized for missing crucial briefing on Venezuelan oil stake legality. | Next News Editorial Illustration
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The State Department is accusing four senior Senate Democrats of performative "grandstanding" after they demanded a sweeping briefing and documents on the Trump administration's Venezuela oil agreement — then let the Senate adjourn for fall recess before the briefing could take place, according to material reviewed by Fox News Digital.

The dispute centers on the U.S. government's strategic partnership with North American Blue Energy Partner (NABEP), Venezuela's second-largest oil producer. Under the arrangement, the Department of War — the renamed Defense Department under the Trump administration — takes a 35% equity stake in the company, which holds rights to 17 oil blocks containing an estimated 65 billion barrels of proven reserves. President Trump announced the deal on August 28, calling it "THE BIGGEST OIL DEAL IN WORLD HISTORY," per a Democratic letter and earlier reporting.

Sen. Jeanne Shaheen of New Hampshire, the ranking Democrat on the Senate Foreign Relations Committee, signed the challenge alongside Sen. Jack Reed of Rhode Island, Sen. Martin Heinrich of New Mexico, and Sen. Elizabeth Warren of Massachusetts. Their letter, sent Wednesday to Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and Energy Secretary Chris Wright, argues that nothing in the law establishing the Pentagon's Office of Strategic Capital permits it to acquire an ownership position in a foreign oil company, according to The Wall Street Journal.

The senators also questioned NABEP's production capabilities and the background of businessman Alejandro Betancourt, and raised doubts about the deal's structure. The 17 blocks are now controlled by a Barbados-headquartered company in which the Pentagon holds a financial stake. NABEP has pledged up to $100 billion in new oil infrastructure investment as part of the agreement.

But here's the part the State Department wants voters to see: administration officials had told the Senate Foreign Relations Committee weeks in advance that they would brief the panel and hand over documents on Thursday, October 1, 2026. The Senate instead rescheduled the briefing so members could leave Washington for the fall recess.

The State Department went ahead and delivered copies of the strategic partnership agreement to the committee anyway, saying it did so "as a courtesy" despite the briefing being pulled, according to Fox News Digital. The department accused the Democrats of demanding documents they already knew were coming — a charge the lawmakers have not directly answered.

Republicans on Capitol Hill argue the timing is impossible to ignore. Americans have watched gasoline prices for three years and the Strategic Petroleum Reserve sit at its lowest level since 1982, according to figures cited by Yahoo News's summary of the senators' letter. The State Department would receive preferential rights to purchase 20% of NABEP's oil production at cost under the arrangement — a mechanism the administration says is designed to lower fuel prices and refill the reserve.

The story is not without its own complications. Venezuelan interim President Delcy Rodríguez, who assumed power after U.S. forces captured Nicolás Maduro in a military operation on January 3, 2026, has described the broader bilateral arrangement as lasting 25 years — the maximum allowed under Venezuela's reformed hydrocarbons law — while the White House consistently describes 100-year concessions, according to the House Democrats' demand letter and Yahoo's summary. Rodríguez has also said the deal would yield roughly $209 billion in tax revenue for Venezuela over its lifetime, a figure based on price projections that independent analysts place near $65 per barrel.

Five senior House Democrats separately sent their own formal demand to Rubio and Hegseth on September 30, pressing for the complete contract text and warning of subpoenas. That letter followed a September 14 classified briefing at which lawmakers from both parties left without substantive answers, according to the House Democrats' account.

The Senate Foreign Relations Committee has not said when — or whether — it will reschedule the October 1 briefing. The documents are now in the committee's hands regardless of whether members were in town to read them.

Our Take

Read that sequence again. Democrats demanded a briefing. They got a date for that briefing. Then they moved the date so they could catch flights home — and their press releases never mentioned that part.

This is the playbook patriots have watched for years: generate a headline about "questions" and "legality," never mind whether the questions have answers, never mind whether you'll be in the room when the answers arrive. The State Department called it what it is — grandstanding — and then did something the bureaucrats of the old administrative state would never have done: it handed over the documents anyway.

And what are the stakes? A reserve sitting at its lowest point since Ronald Reagan's first term. Gas prices that working families feel every single week. Oil fields holding 65 billion barrels that, for once, are not being sold to Beijing or funneled through socialist PDVSA middlemen. Senator Warren, Senator Shaheen, and their colleagues want you to believe a 35% Pentagon stake in a Venezuelan producer is some kind of constitutional crisis. Ask a truck driver in Ohio whether he'd rather that stake sit with the U.S. government or with the regime that spent two decades strangling its own people.

There are real questions the American people deserve answered — starting with the duration discrepancy Rodríguez herself has put on the record. Twenty-five years or 100? That gap matters, and it is a question for the administration's own negotiators, not a manufactured subpoena threat from senators who literally left the building.

If Democrats are serious, the Foreign Relations Committee can gavel the briefing back in next week. Nobody is stopping them. But seriousness was never the point — fundraising emails were.

Meanwhile, the documents sit in the committee's office, waiting. And somewhere in New Hampshire and Massachusetts, voters just got their latest reminder of what their senators do when the cameras are off and the recess begins.

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Gary Franchi
Gary Franchi

Chief White House Correspondent at Next News Network. Executive Producer and Lead Anchor.

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Patriot_1776Verifiedjust now
Did anyone actually listen to the briefing? I want to know what was discussed and why it's important.
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OldSchoolSamVerifiedjust now
From what I've heard, it was supposed to be an update on oil negotiations. They're really trying to keep us in the dark.
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EagleEyeVerifiedjust now
Why did they demand the briefing if they couldn't be bothered to attend? I'd really like to understand their priorities here.
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TexasRiderVerifiedjust now
Working in the oil sector, I've seen firsthand how these policies impact our energy independence. Our leaders should be held accountable for not following through.
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OilFieldDadVerifiedjust now
Preach! The impact reaches far beyond what most people realize.
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LibertyFirstVerifiedjust now
Typical! More interested in grandstanding than actually doing their job. They demand action, then skip before they even hear the specifics? Unbelievable.
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ConservaGalVerifiedjust now
This just shows how unserious they are about energy policy. Our country needs real solutions, not political games. 🤦‍♀️
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TennesseeTomVerifiedjust now
Exactly! Wouldn't be surprised if this is just a stunt for votes.
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AmericanBorschtVerifiedjust now
This is why the public is losing faith in political leadership. You can't be caught playing these games and expect support.
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Conserve2SaveVerifiedjust now
Once again the Dems show they're all talk. It's all flash, no substance when it comes to real issues.