Videos

VICTORY: Venezuelan Crude Heads to Texas as Trump Puts the Fed's $4 Billion 'Renovation' on Trial

Gary FranchiOctober 28, 2026 ET0 views
Trump's energy agenda and Federal Reserve scrutiny converge on the Gulf Coast.
Trump's energy agenda and Federal Reserve scrutiny converge on the Gulf Coast. | Next News Editorial Illustration
Advertisement

Jarrod Agen, Executive Director of the National Energy Dominance Council, just confirmed what Patriots have known for years: everything President Trump said about Venezuela and American energy was right. While Democrats spent years mocking the idea, a massive tanker of Venezuelan crude is now churning toward Texas ports. This is not a talking point. It is physical evidence that the war on American refining is ending.

The situation in California stands as a monument to Democrat mismanagement. The Golden State once boasted dozens of refineries; today, thanks to a decade of radical environmental policy and targeted regulatory strangulation, that number has been driven down to single digits. Every single closure meant lost jobs and a heavier toll on working families every time they filled up their trucks. President Trump is reversing that destruction with a $150 million investment in American refining capacity, ensuring that American energy independence is built on American soil, not on the whims of foreign adversaries.

The Dictator Pattern and the Pump

Vice President JD Vance didn't mince words when he tied the pain at the pump to "some tinpot dictator" throwing a tantrum. He didn't need to say Joe Biden's name; the pattern of the previous administration was clear. Rather than unleashing American production, the Democrats answered energy crises by whining and proposing a few windmills. Now, with the Trump-Vance administration in charge, the policy is simple: drill, refine, and dominate.

"You look at everything the President said about Venezuela — he has been proven right."

That quote from Agen isn't spin—it is a receipt. While the legacy media tries to frame the incoming crude as a provocation, it is a lifeline for American processors and a validation of the America First agenda.

The $4 Billion Fed Question

While energy flows toward reality, the Trump administration is applying the same standard of accountability to the Federal Reserve. The central bank reportedly burned through nearly $4 billion on what President Trump has accurately described as a "small renovation." To put that number in perspective, the President noted he did the massive Waldorf Astoria project for roughly $200 million. That disparity is not a rounding error; it is a red flag the size of a building.

President Trump has laid out the three possible explanations for this financial sinkhole: gross incompetence, theft, or kickbacks. It is a welcome change from the usual silence that surrounds the Fed. This is not about being anti-institution; it is about demanding that the people who print your money show you the invoice.

The tension surrounding this investigation boiled over this week when Senator Thom Tillis, a Republican from North Carolina, demanded the Department of Justice back off its probe into Fed Chair Powell. President Trump shut down the RINO sentiment immediately, responding directly: "That's why he won't be a senator anymore." It is a clear signal that the days of politicians protecting the administrative deep state at the expense of the taxpayer are over. Jeanine Pirro is reportedly on the case, and the file is open.

The evidence is mounting. The tankers are on the water. The refineries are coming back. And the Federal Reserve is finally being asked the questions that should have been asked a decade ago. The question for you, Patriots, is simple: If a federal building spends $4 billion on a small renovation, what do you call it? The President called it either gross incompetence, theft, or kickbacks. Make the Fed show you the invoice before one more refinery job disappears.

Advertisement
Advertisement
Gary Franchi
Gary Franchi

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

Share this article:

Comments (10)

Leave a Comment

L
LibertyBellRingerVerified3 hr ago · Oct 28, 9:15 AM ET
Great news! Energy security and fiscal accountability in the same headline. More of this please.
C
ConstitutionFirst77VerifiedOct 28, 1:15 PM ET
The Fed spending $4 billion on a 'renovation' is exactly the kind of unaccountable nonsense that needs sunlight. Good on Trump for putting it on trial.
R
RedStateRebelVerifiedOct 28, 2:15 PM ET
My grandfather worked at a refinery in Corpus Christi and always said Venezuelan crude was some of the best for diesel production. Funny how things come full circle.
O
OilPatchDadVerifiedOct 29, 1:15 AM ET
I worked the Permian for 15 years and the infrastructure is already there to handle this. The question is whether the bureaucrats will get out of the way long enough to let it happen.
T
TaxPayerWatchdogVerifiedOct 29, 4:15 PM ET
Four billion dollars for a renovation? I'd like to see the itemized receipts on that one. Audit the Fed.
M
MAGA_Mike_TXVerifiedOct 30, 1:15 AM ET
Serious question though - how fast can these shipments actually scale up given the sanctions history? Would love to see some numbers on projected volumes.
P
PipelinePeteVerifiedOct 30, 8:15 AM ET
Early reports suggest phased deliveries. Sanctions relief and logistics will determine the pace, but the demand side is already there.
L
LoneStarPatriotVerifiedOct 30, 2:15 AM ET
About time we're tapping our own hemisphere for oil instead of bowing to the Saudis. Texas refineries were built for this heavy crude, so let's get it flowing.
R
RigHandRayVerifiedOct 30, 4:15 AM ET
Been saying this for years. Domestic refining capacity is our ace in the hole.
G
GulfCoastGalVerifiedOct 30, 4:15 AM ET
Exactly. Gulf Coast refineries have been running Venezuelan-style heavy sour for decades. This is a win for energy independence.