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.

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

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

He just did it the way he wanted to, to artificially inflate his number. voice-verified

Venezuela does not have three hundred and three billion barrels of recoverable oil. voice-verified

It's it's not a thing. voice-verified

That's ever going to be a thing. voice-verified

Um, that's something that and it drives me crazy that like the USGS and everyone else has accepted this number as its fact. voice-verified

Like, you know, if if you look up Venezuela reserves, you'll see that 303 billion barrel number. voice-verified

It's the most ridiculous number there is in the oil and gas industry. voice-verified

It's so inflated and false. voice-verified

Um, and people often ask, like, if Venezuela has more oil than anybody on the planet, how come they don't ever produce that much? voice-verified

And I'm like, Well, maybe. voice-verified

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