Given that Venezuela has the most oil reserves in the world, why isn’t the country as rich as Saudi Arabia? Also, why have so many of the major oil companies stopped operating there?

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Given that Venezuela has the most oil reserves in the world, why isn’t the country as rich as Saudi Arabia? Also, why have so many of the major oil companies stopped operating there?

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9 Answers

Anonymous 0 Comments

the cia sponsored many coups and sold weapons to far-right militias across all of south america to stop socialist leaders from getting too popular and the same happened to Venezuela. the US also put sanctions on them and because the US was one of their main trade partners; the government, economy, etc fell apart

most of this has been revealed in official documents that were declassified

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0 views

Given that Venezuela has the most oil reserves in the world, why isn’t the country as rich as Saudi Arabia? Also, why have so many of the major oil companies stopped operating there?

In: 8

9 Answers

Anonymous 0 Comments

the cia sponsored many coups and sold weapons to far-right militias across all of south america to stop socialist leaders from getting too popular and the same happened to Venezuela. the US also put sanctions on them and because the US was one of their main trade partners; the government, economy, etc fell apart

most of this has been revealed in official documents that were declassified

You are viewing 1 out of 9 answers, click here to view all answers.