World's Biggest Oil Reserves... But Barely Any Production 😳
Venezuela sits on the largest proven oil reserves — over 300 billion barrels, that's like 20% of the world's total. Way more than Saudi Arabia, and over 4x what the US has. On paper, it's an absolute beast, and that's why Trump keeps calling it a key energy play.
But the crazy part? They're pumping less than 1 million barrels a day right now — that's under 1% of global supply 🤯
Compare that: It's only ~5-7% of US output and about 10% of Saudi's. Production has crashed hard over the years due to all the chaos.
Big lesson here: Reserves mean nothing if you can't get the oil out. You need investment, tech, solid infrastructure, good management, and stability — not just stuff buried underground.
Saudi Arabia nails it by turning reserves into steady flow for decades. The US? Shale revolution pushed us to top producer with over 13 million bpd, even with smaller reserves. We've doubled output and reserves since way back.
Bottom line: True energy power isn't about having the most oil in the ground — it's about who can actually pump it out reliably. 🚀
👀 Watch these gems closely guys:
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