Interesting article regarding WHY Venezuelans are so poor despite sitting atop of so much Oil.

admin · 2016-02-10T22:56:29+0000

Proven oil reserves: 297,170 MMbl (#1 in the world; 20% of world reserves) Oil production: 3 MMbl/day (3.56% of world production) GDP (nominal) per capita: $7,576 (#76 in the world) Population: 30,206,307 (#44 in the world; %0.42 of world population)... https://www.quora.com/Why-is-Venezuela-not-a-lot-richer-given-that-its-sitting-on-the-worlds-largest-oil-reserves-and-has-a-population-of-only-30-million I like how he concludes his essay. "And the last thing that I'll leave you with is the wealth of the Chavez family: $550 million . So much for Socialism."

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By admin
February 10, 2016 in Topics

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Interesting article regarding WHY Venezuelans are so poor despite sitting atop of so much Oil.

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