Comments by "Harry Mills" (@harrymills2770) on "U.S. Economic Wars Are Actually Screwing Americans!- w/Anya Parampil" video.

  1. Venezuelan oil isn't exactly sweet, light crude. It's the crudest of the crude, and requires enormous investment to get it out of the ground and refine it for a profit. It was never going to be easy, but with outside oil companies building the infrastructure and operating it, they could make a solid profit, which they immediately spent before they got it, so that everyone could have a microwave in their socialist utopia. They started running out of money and decided to nationalize everything, and in their wisdom, forgot that they knew nothing about the oil business. Then oil prices took a nosedive and they were stuck. There's still a lot of oil, there, but their government is a huge obstacle to their ever developing the resource in a measured, sustainable way. Their government saw riches on the horizon and spent them before actually earning them.
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