Fact-check · Sep 3, 2026 · JD Vance
“Create what is effectively a new 65,000,000,000 barrel of oil reserve for The United States Of America”
MISLEADINGSaid in 4 broadcasts
What the record shows
Trump administration announced Aug 28, 2026 agreement giving US majority control over 65 billion barrels of Venezuelan proven oil reserves through private partnership. These are existing Venezuelan reserves, not a new US reserve.
Sources
- U.S. enters agreement with Venezuela to take control of 65 billion ...
- U.S. has entered deal with Venezuela to take control of 65 billion ...
- US, Venezuela reach deal covering 65 billion bbl of oil reserves ...
- Trump announces ‘biggest oil deal in world history’ with ...
- Trump says US has deal with Venezuela for control of 65 billion ...
- Trump says U.S. has entered deal with Venezuela to control 65 billion ...
From: WATCH LIVE: JD Vance leads White House press briefing
Every time it was said
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