Is this statement true or false? Venezuela is the fourth biggest supplier of oil to the U.S. True False

False! While Venezuela was once a major supplier of oil to the U.S., its production has significantly declined in recent years due to economic and political turmoil. As of now, it doesn't rank in the top four suppliers, with countries like Canada, Mexico, and Saudi Arabia leading the charge. It's a classic case of how geopolitical issues can drastically shift energy supply chains! However, Venezuela holds some of the largest oil reserves in the world, which means that if circumstances change, it could potentially resurface as a significant player in the global oil market. Keep an eye on those developments, as they could make for quite the energy rollercoaster!