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Thursday, October 22, 2026

Trump’s math on US deal for Venezuelan oil doesn’t add up, experts say. The bad data began years ago

A single figure sets Venezuela apart from the rest of the world: 303 billion barrels of so-called proven oil reserves. But experts say the country’s estimate is inherently problematic and far from proven — rooted in exaggerated, aging data from a corrupt government. The number has long been touted …

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