I also recall in passing that Venezuela has massive oil reserves, but they are in tar sands and are therefore only economic when the oil price is high[1]. And

I also recall in passing that Venezuela has massive oil reserves, but they are in tar sands and are therefore only economic when the oil price is high[1]. And who tried to take effective control of Venezuela’s oil production? Oh… [1] although the estimate is around $50 per barrel full-cycle cost https://incorrys.com/energy/oil-supply/international-oil-supply/full-cycle-cost-of-venezuelan-oil/ https://incorrys.com/energy/oil-supply/international-oil-sup...