Trump Claims Control of 65 Billion Barrels, Forgot to Show Paperwork
KEY POINTS
- •Donald Trump claimed the US secured majority control of over 65 billion barrels of Venezuelan oil on August 28, 2026.
- •The White House has not released the agreement or the list of private companies involved in the transaction.
- •The deal follows Nicolás Maduro’s capture in January and involves plans to invest at least $100 billion to rebuild Venezuela’s oil industry.
On a grand Truth Social announcement this past Friday, former President Donald Trump claimed the U.S. secured 'majority control' over a staggering 65 billion barrels of Venezuelan crude oil in what he boldly dubbed 'THE BIGGEST OIL DEAL IN WORLD HISTORY.' Partnering with interim Venezuelan President Delcy Rodríguez and unnamed private companies, Trump assured taxpayers it came 'at no cost' and 'more than doubles' America’s oil reserves. Yet, the White House seems to have misplaced the actual contract and the identities of involved companies. This news followed Maduro’s January capture and Trump’s $100 billion plan to rebuild Venezuela’s wrecked oil industry—though no timeline for offshore pouring into gas tanks was offered. Venezuelan reserves sit at about 303 billion barrels but after decades of political drama and neglect, expectations to revive it are, well, as shaky as a fracked Venezuelan house.
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(1 of 3)Source: Businessinsider | Published: 8/28/2026 | Author: Katherine Li