Trump Gasses up US-Venezuela Oil Revenue, but ‘Hundreds of Billions’ Is Too High
Analysts say the most credible estimate is $13 billion, far below Trump’s claim that oil revenue is reaching hundreds of billions.
- On Wednesday, President Donald Trump claimed the U.S. and Venezuela are generating "hundreds of billions of dollars" in oil revenue, contradicting analysts who cite about $13 billion based on available data.
- Shortly after the January 3, 2026 operation, the two countries cut a deal placing sanctioned Venezuelan oil revenues under U.S. Treasury control in a "custodial and governmental capacity."
- David Smilde, a senior associate at Tulane University's Center for Inter-American Policy Research, described Trump's figures as "not possible" given Venezuela's entire gross domestic product is only about $111 billion.
- Despite promises of quarterly audits, the administration failed to provide reports to the House Foreign Affairs Committee, prompting Republicans to state "we have never seen those reports."
- Trump told a Las Vegas crowd on Wednesday that the U.S. is "doing the same thing" in the Islamic Republic of Iran to "knock the hell out of them," applying similar oil revenue tactics.
33 Articles
33 Articles
Trump gasses up US-Venezuela oil revenue, but ‘hundreds of billions’ is too high
Trump says oil revenues are flowing to the U.S. and Venezuela since the U.S. arrested then-leader Nicolás Maduro in January. Here's a fact check of the figures the president has touted.
The U.S. government raised more than $13 billion in revenue with the sale of Venezuelan oil this year, but the Financial Times revealed in July that it was not clear where the money was. Now, the Democrats in Congress are demanding that the White House disclose the fate of these revenues. It is shocking (...) that it is not yet known where the money went to and why Congress continues to know. If the government has nothing to hide it should immed…
A rigorous investigation documents the murky manner in which Venezuela’s oil exports are handled, today under the control of Donald Trump’s government through a Fund that is also not accountable. The post Transparency Venezuela reveals dark handling of more than $6.3 billion of Oil Fund appeared first on EL NATIONALA.
In view of the opacity in the management of state revenues and the crisis aggravated by the earthquakes of June 2026, the organization Transparency Venezuela formally proposed the creation of an independent unit of coordination, management, monitoring and transparency for the resources that the country receives through the Foreign Government's Deposit Fund (FGDF) and international humanitarian aid. Following the capture of dictator Nicolás Madur…
President Donald Trump once again boasted of extracting “billions of barrels of oil from Venezuela,” considering that this action is protected by the supposed right of the victor of a war to seize the resources of the defeated country. (Read more...) The entry “We are taking billions of barrels of oil from Venezuela” was first published in Remolacha - Dominican Republic News.
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Bias Distribution
- 93% of the sources are Center
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