It's not the drugs

[Shameless]

[Thokkalee]

1 hour ago, Shameless said:

The total reserves doesn’t give a good picture.. many countries lose money when they extract oil as the cost of extraction, processing exceeds the current oil cost..

Venezuela’s oil is very difficult to extract and process… it costs a lot of money, unlike other oil producing nations like Saudi or other Gulf countries.. 

Even US didn’t extract much oil until they figured out how to efficiently extract shale oil..