Trump Claims Venezuela and U.S. Hold 55% of Global Oil Supply
In a public statement, Donald Trump asserted that Venezuela and the United States collectively control 55% of the world’s oil, though official energy data does not confirm this figure.
Summary
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Terms & Concepts
- Global oil supply: The total amount of crude oil produced and available worldwide across all countries.
- Venezuela’s oil reserves: Among the world’s largest proven crude oil reserves, located primarily in the Orinoco Belt region of Venezuela.