Friday, August 7, 2026

Trump gasses up US-Venezuela oil revenue, but ‘hundreds of billions’ is too high – PolitiFact

The highest credible figure for oil revenue since the U.S. took over Venezuela’s oil industry in January is $13 billion. 

That is roughly a tenth of the “hundreds of billions of dollars” in gains that President Donald Trump cited for each country. 

Trump’s estimate exceeds the entire gross domestic product of Venezuela several times over...

 https://politifact.com/factchecks/2026/aug/06/donald-trump/venezuela-oil-industry-us-gains/


 

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