Trump Gasses up US-Venezuela Oil Revenue, but ‘Hundreds of Billions’ Is Too High
Analysts say the best credible estimate is $13 billion, and they found no evidence supporting Trump’s claim of hundreds of billions.
- President Donald Trump claimed the U.S. and Venezuela are "making hundreds of billions of dollars" from oil revenue, a figure experts describe as impossible given the country's economic data.
- Since arresting leader Nicolás Maduro in January, the United States has controlled Venezuela's oil industry, holding revenue in a "custodial and governmental capacity" for American and Venezuelan citizens.
- A Financial Times analysis estimates the U.S. has collected about $13 billion in oil revenue since Maduro's ouster, far below Trump's claim and Venezuela's $111 billion gross domestic product.
- Analysts warn of "incredible opaqueness" in how Venezuela's oil sales are routed, with neither government providing clear accounting of revenue generated or where funds were spent.
- David Smilde of Tulane University called the hundreds of billions figure "not possible," while Trump continues citing his Venezuela policy as "winning" during Fox News interviews ahead of midterm elections.
32 Articles
32 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.
Trump Says U.S. Has Secured More Than $13 Billion From Venezuelan Oil Since Maduro’s Removal
President Donald Trump said the United States has generated more than $13 billion in revenue from Venezuelan oil exports since Nicolás Maduro was removed from power earlier this year. According to calculations by the Financial Times based on shipment data from Kpler and pricing information from Argus Media, Venezuelan oil sales under the new system have exceeded $13 billion. The Trump administration took control of Venezuela’s oil exports after …
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