“We have the most oil of any nation anywhere, oil and gas in the world.”

The U.S. government's own energy data agency says this is false. On proven oil reserves (the oil actually 'under our feet') the United States ranks around ninth in the world with roughly 69 billion barrels. Venezuela leads with about 303 billion barrels, followed by Saudi Arabia (roughly 267 billion) and Iran (roughly 209 billion), per data tracked by the U.S. Energy Information Administration.

Natural gas is the same story: Russia holds the world's largest proved gas reserves, roughly 1,300 trillion cubic feet, nearly three times the U.S. total, and the United States ranks about fifth. Saudi Arabia and Venezuela each hold more than four times America's proven oil store.

What is true is that the U.S. is the world's largest producer of both oil and natural gas, a position it has held since well before Trump took office. But production leadership reflects drilling technology and investment, not reserves. The claim that more oil and gas sits under American soil than anywhere else is flatly contradicted by the EIA's own international comparisons.

"No, Mr. President, America doesn't have the most 'liquid gold.'" — E&E News (POLITICO), fact-checking Trump's repeated reserves claim