Venezuela sits atop the largest proven oil reserves in the world, clocking in at a whopping 300 billion barrels. But years of domestic economic mismanagement, corrupt international banking, and strict international sanctions have brought the Venezuelan economy–and oil industry–to its knees. By Haley Zaremba. Full Text -> OilPrices
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¿What the evidence says about the effects of the sanctions?
With no fair elections in sight, oil sanctions return.