Media Bias Fact Check (MBFC) publishes daily vetted fact checks from verified IFCN-approved sources. Each claim is independently reviewed for accuracy and context.
Claimant: Donald Trump (R)
Claim: “When you add the United States and Venezuela together, we have more than 60% of the oil in the world.”
Rating: FALSE
Explanation: The claim substantially overstates the two countries’ share of global oil reserves. Even using relatively high estimates, U.S. and Venezuelan proven reserves together account for roughly 22% of the world’s nearly 1.6 trillion barrels, not more than 60%.
Date: 09/24/2026
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Last Updated on September 24, 2026 by Media Bias Fact Check