Despite being an OPEC member nation and home to one of the world’s largest known oil reserves, Venezuela has been forced to import hundreds of thousands of gallons of refined oil because the socialist state nationalized the nation’s major oil corporations and has replaced experts at Petróleos de Venezuela (PDVSA), the state-run oil company, with Maduro cronies of limited experience in the oil industry.
Thanks Rusty0604.
Venezuela is a failed state. Its future boundaries will be defined by the nation states surrounding it. Oddly Western Venezuela, where most of the oil is, would be most happy to be part of the stable nation of Columbia. Western Venezuela wants stability and prosperity they once enjoyed in the past.
There will be much bloodshed in the near future in this once great nation which is no longer a nation.