
There must have been some amount of corruption there over the years for a country with so much oil to be living in dire straits.Like always it comes down to the Oil and making sure it flows in the right direction.
Venezuela has the largest crude Oil reserves in the world more than all the Arab states combined, estimated 300 billion barrels
I was there in 2011 when travelling South America, absolutely stunning country with really nice people but like Cuba absolutely ruined from successive failures at Government level, it worked to a certain degree under Chavez but after he died it’s been one crisis after another.There must have been some amount of corruption there over the years for a country with so much oil to be living in dire straits.
