There's been plenty of talk about geopolitical tensions and resource competition, but let's look at the actual numbers behind the rhetoric.

Venezuela holds roughly 20% of the world's proven oil reserves—that's genuinely massive on paper. However, here's where the narrative breaks down: their actual exports represent less than 1% of global oil supply.

Think about that disconnect. The world's largest proven reserves, yet minimal market impact due to production constraints, sanctions, and infrastructure issues.

It's a useful reminder to dig into data before accepting surface-level explanations about resource conflicts. Sometimes the geopolitical story people tell doesn't match the economic reality.