Trump Claims He Will Fill The Strategic Petroleum Reserves With Venezuelan Oil

Donald Trump claims he will replenish the Strategic Petroleum Reserve with oil from Venezuela, calling it a no-cost gift. However, legal challenges and skepticism surround the deal's feasibility and immediate impact on energy markets.

White House comedy intensifies.

Trump’s Claim

Truth Social: One of the things I am going to do with the Venezuelan Oil is fill up the Strategic National Reserves which, because of Sleepy Joe Biden, has been virtually emptied. The “topping out” process will begin very shortly, and is a Gift from Venezuela to the People of the United States. Thank you! President DONALD J. TRUMP

Aug 30, 2026, 8:10 AM

Filling the reserves is just one thing Trump will do with Venezuelan oil.

Six More Things

  1. Balance the budget

  2. Lower gasoline prices to 65 cents

  3. Make Venezuela Great Again

  4. End six more wars

  5. Eliminate the Income tax

  6. Turn water into wine

Best of all, it’s a no cost gift from the people of Venezuela to the United States.

What Would It Take?

Deal Denounced

Bing Bing

Deal Explained

Cartoon of the Day

Not to worry. I am sure this deal will balance the budget, turn water into wine, and eliminate the income tax, among other things.

More seriously, What’s in Trump’s Allegedly Greatest Oil Deal in History, with Venezuela?

The deal is illegal, with no immediate impact. But Canada is warned.

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