Matt Randolph

speaker

6,441 appearances 30 recordings 3 series first heard Apr 2026 last heard yesterday

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

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recordings per month · last 12 months

Recordings per month over the last 12 months — 30 in all, peaking in Aug 2026 with 7.

Appearances

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

He used a lot of crazy methodology to artificially inflate Venezuela's oil reserves. voice-verified

And one year they went from voice-verified

Ninety million to a hundred and eighty million. voice-verified

And then the next year or billion, they went from ninety billion to a hundred and eighty billion. voice-verified

And then the next year they went to three hundred and three billion. voice-verified

And it was based on methodology that he was using to calculate voice-verified

their recoverable reserves. voice-verified

And so one of the ways you calculate your recoverable reserves is first you have to figure out your total reserves, because that's not the same as the amount you can actually get out of the ground. voice-verified

And then you uh voice-verified

Over a period of time, you can see a recovery factor. voice-verified

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

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