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The Fall of Venezuelan Oil

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Created January 3, 2026

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Venezuela was once the crown jewel of oil. Black gold promised a future without

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limits... until one decree changed everything. Foreign giants built empires in the

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dust, pouring billions into the ground. But in 2007, the state decided

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the ground belonged only to them. Troops seized the rigs. Foreign logos were

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erased in an afternoon. Billions in assets were claimed in the name of

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the revolution. But the experts were gone. The machinery slowed, then stopped.

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A nation's lifeline began to rust in the sun. The takeover didn't bring wealth to

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the many; it brought a silence that echoes across the fields today. Get smarter by

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