Matt Randolph

speaker

6,151 appearances 29 recordings 3 series first heard Apr 2026 last heard 11 Sep

Matt Randolph’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 29 in all, peaking in Aug 2026 with 7.

Appearances

newest first · ▶ plays the moment

American Power · Did Trump Get Played on Venezuela’s Oil Deal? · 2 Sep 2026 podcast

How much oil are we getting out of this section of land? voice-verified

Right. voice-verified

And you can determine. voice-verified

You know, if you're getting ten percent of the oil or eight percent of the oil that's estimated to be there. voice-verified

And then that's your recovery factor, and that gives you your total proven reserves. voice-verified

He was using a twenty percent recovery factor to estimate his total reserves when the fields were only getting about six percent recovery. voice-verified

And that means that the total reserves are likely inflated by more than three times what they actually are. voice-verified

Because if your recovery is only six percent, voice-verified

And your reser reserves are based on a twenty percent. voice-verified

You know, six percent is less than a third of twenty. voice-verified

And that also explains how they went from ninety voice-verified

To over three hundred. voice-verified

So if you were using the original recovery rate, which is accurate. voice-verified

Venezuela would have 90 billion barrels of oil in the entire country and not 303. voice-verified

So this is he did this to overstate the reserves, to try to bring in new investment, to increase the overall expected value of Venezuela and the reserves and all that. voice-verified

It was, it was, it was Donald Trump-esque. voice-verified

It was a hyperbolic exaggeration of what he actually has to make everything look better than it actually is. voice-verified

So i I mean, this sounds exactly like something valid. voice-verified

No, there is a scientific methodology for calculating this stuff. voice-verified

He just he just did it, you know, he was an authoritarian. voice-verified

Showing 401–420 of 6,151 · page 21 of 308