Comment by giancarlostoro
3 days ago
> And then a few seconds later: "US oil companies will go into Venezuela"
Venezuela is down to 1 million barrels per day, down from 3 million per day from the 2000s because of the sanctions after Hugo Chavez. They own the worlds largest reserve (about 300 billion barrels worth) and it was always my understanding that we worked with them before Hugo Chavez went the route he went and brought a great nation to shambles for a power trip.
I think Venezuela will recover with our aid, but a lot of their old infrastructure is gone, they will need investors. They will also need to deal with their crime problem and hold real elections for once.
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