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Why Venezuela's Oil Matters So Much | The Hidden History Behind the Crisis
For more than a century, Venezuela has possessed some of the largest oil reserves on Earth. And for more than a century, that same oil has shaped its politics, its economy, and its fate.
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Why Venezuela's Oil Matters So Much The Hidden History
Venezuela possesses 300 billion barrels of proven oil reserves—more than Saudi Arabia, Russia, or the United States. Yet, the nation is economically devastated. Most documentaries will tell you this is a simple story of socialism versus capitalism, or a tale of political corruption. They are wrong.