Venezuela holds the world’s largest proven oil reserves, more than five times more than the United States.
By Mohammed Haddad
The Trump administration has announced plans for continued military operations against Latin American drug cartels, following a US strike on a Venezuelan vessel that killed 11 people on September 2.
The United States has had a complex relationship with Venezuela, a country of roughly 30 million people, shaped by disputes over oil, politics and security concerns.
Nowhere is that tension more evident than in Venezuela’s oil economy: the country holds the world’s largest proven oil reserves, yet today earns only a fraction of the revenue it once did from exporting crude.
