The problem with socialism is you eventually run out of oil!
This is a problem with any country that relies on the export of its natural resources, instead of relying on the ingenuity and efforts of the only real and sustainable resource - its people and what they have “invested” in themselves. There’s a lesson to be learned here, somewhere...
oil is a renewable resource, but that’s not the point here, the point is socialism doesn’t work, never has, never will.