Venezuela is considered the land of oil because it has the world's largest proven oil reserves, but the reality is far beyond the numbers on paper, decades of mismanagement, the politics of the PDVSA National Oil Company's meddling, lack of investment and the US's steering, which has caused the country's oil production to decline sharply, from once a major player in the world to a producer with a production power far below capacity, while still having vast amounts of oil underground, the oil of Venezuela is largely heavy and high-cost oil, which, although the US has a large oil reserves, is still undermining its oil production, but the oil of the PDVSA is still undermining its own capital, and the oil of the central and eastern regions is not yet fully developed, and the oil and gas industry are not yet fully developed, and the oil and gas industry are not yet fully developed, but the oil and gas industry are becoming a source of new and growing demand for oil and gas, and the oil industry is becoming a major source of new and unnecessary exports, and the oil and gas industry is becoming a major source of new and growing disruptive power in the region.

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