The energy industry has long opposed government intervention, and some executives are worried the U.S. is creating a giant with the ability to push them around.

Democratic Florida U.S. Senate candidate Angie Nixon accused President Donald Trump on Monday of pushing communism through his new Venezuela oil deal.

Secretary of State Marco Rubio pushed back against criticism that a massive oil deal with Venezuela has weakened the Trump administration’s commitment to restoring democracy there. In an interview with Fox News aired Wednesday,

Americans will likely face the highest Labor Day gas prices on record this holiday weekend. It’s another blow to a “drill, baby, drill” president who campaigned on affordable energy.

Chevron said it plans to invest more than $7 billion in Venezuela over the next five years and hopes to double its current production there to about 600,000 barrels a day.

Chevron says it will expand its operations in Venezuela, following the Trump administration’s move for a Pentagon-backed plan to develop the country’s oil reserves.

La administración Trump y Venezuela anuncian histórico acuerdo que podría atraer más de $100 mil millones en inversión petrolera.

It was “never the intention” to take US government stakes in private companies, one former Office of Strategic Capital official said.