VENEZUELA'S REAL OIL CRISIS

https://www.southfloridaconservative.com/post/venezuela-s-real-oil-crisis-why-the-world-s-largest-reserves-became-an-economic-dead-end

Venezuela is often described as a country that was “sanctioned into collapse” or “robbed of its oil by foreign powers.”
But that story skips the most important facts.
Venezuela didn’t lose its economy because it lacked oil — it lost it because it nationalized some of the worst-quality, most technically demanding oil on Earth, expelled the only companies capable of operating it, and replaced engineers with ideology.
In our full print report, Venezuela’s True Oil Crisis, we break down how oil companies are actually valued, why Venezuelan crude was never the golden prize people imagine, what nationalization really cost U.S. and international firms, and why even under a new regime Venezuela would still face years — if not decades — of economic hardship.
We also explain why Donald Trump isn’t talking about profit when he says the oil fields should be returned — he’s talking about precedent, property rights, and avoiding another Cuba.
If you want the facts — not the slogans — read the full report.