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    Home AMERICAS Venezuela

    Donald Trump describes the relationship with Venezuela as a “conquest” and affirms that both countries account for almost 50% of the world’s oil

    The Analyst by The Analyst
    November 3, 2026
    in Venezuela
    Donald Trump describes the relationship with Venezuela as a “conquest” and affirms that both countries account for almost 50% of the world’s oil


    The president of the United States, donald trumpreferred to the international energy scene by describing the US presence in Venezuela as a geopolitical “conquest” and ensuring that, by consolidating the hydrocarbon reserves of both countries, Washington and Caracas concentrate “almost 50% of the world’s oil.”

    The statements were offered during a speech focused on the midterm elections, delivered in the reflecting pool of the Lincoln Memorial in the US capital.

    During the intervention, the US president linked access to Venezuelan crude oil with his administration’s global energy dominance strategy, stating that hydrocarbon flows from the South American country arrive regularly to North American territory.

    “When we add our conquest of Venezuela, we won the war in Venezuela in one day, and we are receiving hundreds of billions of dollars in oil. Oil comes every day from Venezuela, which, as you know, is a very vital source,” he stated donald trump during his speech.

    The American head of state He maintained that the joint volume places both nations above the main players in the international oil market, emphasizing that production capacity and reserves easily exceed the metrics of traditional competitors in the energy sector.

    “When we only had Venezuela and the United States, we have almost 50% of the world’s oil. We have much more than Saudi Arabia and Russia combined,” said the president when weighing the weight of the reserves of the American continent.

    Geopolitics and Energy | Lincoln Memorial

    Trump defines Venezuela as a “conquest” and claims global oil hegemony

    The US president stated that the sum of the reserves of both countries accounts for almost 50% of the world’s crude oil.

    «When we add our conquest of Venezuela, we won the war in Venezuela in one day, and we are receiving hundreds of billions of dollars in oil. Oil comes from Venezuela every day, which, as you know, is a very vital source.

    Donald Trump | Washington speech

    ~50%
    From oil
    world

    The head of state asserted that the joint volume of crude oil between the United States and Venezuela far exceeds the metrics of traditional competitors in the global energy sector.

    “We have much more than Saudi Arabia and Russia combined”

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    Trump described the US presence in Venezuela as a geopolitical “conquest”, ensuring that oil flows from the South American country arrive regularly and daily to North American territory.

    The president highlighted that the United States is currently positioned as the main global supplier of oil and natural gas, attributing this indicator to the expansion policies promoted by his administration.

    References to Greenland and energy hegemony

    In his speech, trump He highlighted that the United States is positioned as the main global supplier of oil and natural gas, attributing this indicator to the expansion and exchange policies promoted by its management.

    Likewise, the president made a brief reference to the consensus reached on the territory of Greenlandexpressing recognition to the authorities of Denmark and European countries for facilitating bilateral agreements in the Arctic region.





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