Fact-check · Nov 1, 2026 · Donald Trump
“We have more oil and gas and now with Venezuela and actually Greenland too... we have more than any other two countries in the world combined”
FALSE
What the record shows
US proven oil reserves: 83.7B barrels (2025); Venezuela: 303.7B barrels. Combined: 387.4B. Saudi Arabia + Iran: 475.8B barrels. For natural gas: US 445.6 Tcf + Venezuela 195 Tcf = 640.6 Tcf; Russia + Iran = 2,454 Tcf. Greenland has no proven reserves.
Even combining US, Venezuela, and Greenland reserves, the total does not exceed the next two largest countries in either oil or natural gas.
This figure differs by region.
Sources
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