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Donald Trump: “You have some of the greatest oil and oil deposits in the…”

Featuring: Donald Trump, Republican | President of the United States | National

President Trump Participates in a Bilateral Meeting, Mar. 17, 2026

Published March 17, 2026 | Video Starts at 37:16

You have something that no other country has. Very few countries have anything like it. The North Sea, You have some of the greatest oil and oil deposits in the entire world. The North Sea, they don't use it. You buy a lot of your oil from Norway. You know where they get their oil from? The North Sea, and you pay a very big price. (37:16–37:27)

CLAIM

Asserts that the UK has significant oil deposits in the North Sea that are not being utilized.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Donald Trump

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“We spend trillions of dollars on NATO.”
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“They're building 58 coal fired plants right now.”
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“We hit them with the B2 bombers and we totally obliterated their potential nuclear weapon that they would have had in less than one month.”
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“I came up with [the term fake news].”
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“We have a tremendous trade relationship with Ireland, and we'll keep it that way.”
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“We have more, I think people here by far than you have in Ireland, that of Irish descent.”
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“We don't need too much help and we don't need any help, actually.”
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“We were just discussing it actually. Very important that we take out the nuclear threat from Iran.”
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“Their radar is entirely gone. Their anti aircraft machinery is gone. Everything is gone.”
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“Their leaders are gone. I guess one of the, their top person was, they say, a lot of people say their actual top was killed yesterday.”
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“They would have had a nuclear weapon within one month of when we had the B2 bombers bomb.”
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“They put out a notice two days ago. Anybody that protests will be immediately shot and killed.”
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“Qatar has been great. UAE has been absolutely great. Saudi Arabia has been terrific. Bahrain has been very good.”
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“Israel has been very, very strong along with us.”
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“Iran was a big threat to this country, to this world of ours, and turned out to be.”
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“They've been acting up for 37, 47, I guess now 48 years.”
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“If they got a nuclear weapon, I would say they would have used it within 24 hours after having it.”
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“If we didn't bomb them out from a great raid with the B2 bombers eight months ago or so, you would have had a nuclear war in the Middle…”
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“If I didn't terminate Obama's horrible deal that he made, the Iran nuclear deal, you would have had a nuclear war.”
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“Ukraine would have been over in one day if we didn't help.”
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“Iran is something that was essentially largely over in two or three days because the Navy was wiped out almost immediately.”
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“We can knock out their electricity in a matter of minutes if we wanted to.”
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“Their economy doesn't work. It's a non-functional economy.”
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“The relationship we have with Venezuela has been, I think you could almost say incredible.”
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“If we left [Iran] right now, it would take 10 years for them to rebuild.”
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“We've had no support from NATO.”
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“They make a lot of money on trade with the United States.”
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“Barack Hussein Obama sent that bust [of Winston Churchill] back to England.”
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“The windmills which don't work, they're tremendously expensive.”
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