Fact-check · Nov 2, 2026 · Donald Trump
“We're taking in hundreds of billions of dollars of oil Every single day, it's coming in from Venezuela”
FALSE
What the record shows
US crude oil imports from Venezuela averaged ~0 barrels/day in 2024–2025 due to sanctions; peak historical imports (2011) were ~1M bbl/day worth ~$100M/day, not hundreds of billions daily. EIA Petroleum Supply Monthly.
US has had strict sanctions on Venezuelan oil since 2019. Current imports are negligible; claimed figure is orders of magnitude too high.
Vote Unbiased checks what officials say against government data — BLS, BEA, Census, Treasury, the Fed — with sources cited. Every speaker, every party, same standard. See the data →