Donald J. Trump: “BREAKING NEWS: The United States of America has just entered into an Agreeme…
Trump's Truth – Latest Posts — 2026-08-28 17:47:00 — trumpstruth.org
Trump Claims “Biggest Oil Deal in World History” With Venezuela: Fact-Checking the Announcement
President Donald J. Trump has declared, “The United States of America has just entered into an Agreement with the Country of Venezuela on, THE BIGGEST OIL DEAL IN WORLD HISTORY!” According to Trump, this deal—negotiated by Secretary of State Marco Rubio and Secretary of War Pete Hegseth, with Venezuela’s Delcy Rodriguez—gives the U.S. majority control of over 65 billion barrels of proven oil reserves in Venezuela, “at no cost to the American Taxpayer.” Trump further asserts that the agreement “MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans, long into the future.”
Examining the Claims
“Biggest Oil Deal in World History”
Trump’s announcement brands the agreement as the largest ever, but the excerpt provides no evidence or context to support this superlative. While Venezuela is known to have some of the world’s largest proven oil reserves, the claim that this is the “biggest” deal in history is an exaggeration without comparative data or independent verification.
“Majority U.S. Control of More Than 65 Billion Barrels”
The statement that the U.S. now controls a majority of Venezuela’s oil—more than 65 billion barrels—raises significant questions. No details are provided about the terms, enforcement, or international recognition of such control. Historically, Venezuela’s oil industry has been state-controlled, and any transfer of majority control would be unprecedented and highly controversial.
“At No Cost to the American Taxpayer”
Trump asserts that the deal was secured “at no cost to the American Taxpayer.” Major international resource agreements typically involve complex financial arrangements, investments, or concessions. The claim of zero cost is highly dubious without supporting documentation or explanation.
“MORE THAN DOUBLES American Oil Reserves”
Trump claims the transaction “more than doubles American Oil Reserves.” According to publicly available data, U.S. proven oil reserves are estimated at around 35–44 billion barrels. Adding 65 billion barrels would indeed more than double this figure, but only if the U.S. truly gained control of these reserves—a claim not substantiated in the excerpt.
“Will Substantially Lower Gas Prices for All Americans”
The assertion that this deal “will substantially lower Gas Prices for all Americans, long into the future” is speculative. Oil prices are determined by global markets, and the impact of any single deal—especially one lacking transparency—cannot be guaranteed to deliver such sweeping benefits.
Conclusion
President Trump’s announcement of “THE BIGGEST OIL DEAL IN WORLD HISTORY” with Venezuela is filled with sweeping claims and superlatives. The excerpt offers no independent verification, supporting evidence, or details about the mechanics of the agreement. Assertions of majority U.S. control, zero taxpayer cost, and guaranteed lower gas prices all stretch credulity based on the information provided. As with many of Trump’s previous statements, these claims warrant careful scrutiny and independent fact-checking before being accepted as fact. Readers should remain cautious and seek additional information as more details emerge.