BREAKING: The White House publishes the details of the US-Venezuela oil deal and announces that Venezuela has granted North American Blue Energy Partners 100-year concessions for 17 oil fields. Details include: 1. The 17 fields contain ~65 billion barrels of proven oil reserves 2. The US government receives a 35% equity stake in NABEP's parent company at "zero cost to taxpayers" 3. The US receives the right to purchase 20% of all current and future production at production cost 4. The US also receives the right of first refusal to purchase the remaining 80% of production 5. The US government receives veto power over board appointments, while a majority of NABEP's board must be US citizens 6. NABEP plans to invest up to $100 billion into Venezuelan oil infrastructure to rapidly increase production 7. Venezuela is expected to receive ~$200 billion in royalty and tax payments over the first 25 years The White House is calling this the "biggest oil deal in world history."(The Kobeissi Letter)