President Trump said the U.S. will begin "topping out" its strategic petroleum reserve with Venezuelan oil under last week's agreement. But that's unlikely to provide much relief to Americans facing sustained high gas prices. Olivia Gazis…
Page A13From§Eachthe midnight edition — 31 August 2026
US captures Venezuela's president, then unveils deal to refill reserves with his nation's oil.
As it ran on the front
Here's the sequence, laid out in the order the wire moved it, because order is the only thing that matters here. Venezuela's president gets photographed in a New York prison. He tells the camera he is 'standing firm.' From the same building, he flashes a peace sign for a second set of photos — confirmed as the first prison photos taken since the reported US capture in Caracas. Nobody at the briefing calls it a hostage situation. Nobody has to. Then, on a separate news cycle, the President of the United States announces that Venezuelan oil will replenish the Strategic Petroleum Reserve. A second outlet confirms it, calling it a 'deal' that will 'boost oil reserves.' A third outlet, further left on the dial, reads the same two facts back to back and calls it 'mobster language.' I am not going to improve on that phrase. I could not improve on that phrase if I had a month and a research staff.
Think about the order for a second, because the order is the entire argument. You do not announce the extraction plan before you have the asset. You get the asset, you get the mugshot, and then — only then — do you get the press release about supply. That is not a coincidence of timing. That is the timing. Two wire services ran the reserve story the same week the prison photos ran, and neither one connected the dots for you, because connecting the dots is not the job description over there. It is the job description over here.…
…(cont) Nobody at the podium used the word 'ransom.' Nobody had to. When you hold the man and then price the oil, the public does not need a legal term for what that arrangement resembles — the public has eyes. The White House calls it a reserve strategy. The prisoner calls it standing firm. The rest of us get to watch the number on the gas pump and decide for ourselves what the transaction actually was, because at some point 'strategic reserve' just becomes the polite word for the thing you took.
“They didn't send troops to free anybody, they sent troops to collect. First the mugshot, then the pipeline paperwork — that's not diplomacy, that's a stickup with a press release. Watch the gas pump; that's where the receipt shows up.”
“This is a peaceful energy partnership benefiting American drivers at the pump — the timing with the arrest is coincidental. Did I say arrest? I mean detention. There's no connection between the custody photos and the oil contracts, none, why would you even— okay there might be a connection.”
The receipts
In the two photographs, Venezuela's deposed leader Nicolás Maduro is wearing a gray tracksuit and making peace signs with his hands.
President Donald Trump said on Sunday that Venezuelan oil will replenish the United States’s Strategic Petroleum Reserves after announcing a historic deal with the country on Friday. “One of the things I am going to do with the Venezuela…
President Donald Trump was accused of naked gangsterism and revisionist history on Sunday when he announced that Venezuelan oil would be used to refill the US Strategic Petroleum Reserve. "One of the things I am going to do with the…
Ousted Venezuelan President Nicolás Maduro appeared in his first photos from a New York prison, smiling as he awaits trial on federal drug trafficking charges.
This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front.