Fact-check · Nov 2, 2026 · Donald Trump
“We have almost 50% of the world's oil”
FALSE
What the record shows
US holds ~3.7% of proven global oil reserves (2024). World total ~1.7 trillion barrels; US ~64 billion barrels. EIA International Energy Statistics.
US reserves are far below 50% of global total. Claim vastly overstates US oil endowment.
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