[M. Espinola]

Hugo Chavez: MiGs, SAMs and 900,000 more assault rifles

Hugo's oil reserves, refining capacity

[thackney]

Your oil reserve chart ignores Canada's oil sands and other petroleum deposits of 179 Billion Barrels.

[economist-student]

Only $hitgo's refineries can refine Venezuelan oil, so Venezuelan oil is not
sought after like light sweet crude.

Venezuela's oil production has already peaked, and Chavez is going to need some heavy foreign investment in order to extract heavy and extra sour oil from the Orinoco belt.

As someone with relatives in Venezuela, I can say that if it weren't for oil, Venezuela would already be like Haiti or Bolivia.

Best regards,