2026-01-05 07:27:14

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.

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OnChainSleuth

· 01-05 07:57

20% reserves on paper, but actual exports are less than 1%. This gap is really outrageous haha

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SchrodingersFOMO

· 01-05 07:48

Having more resources on paper is useless; execution is the key.

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AirdropHarvester

· 01-05 07:38

On paper, there is oil, but in reality, there is no food to eat—that's the tragedy of Venezuela.

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GasFeeCrier

· 01-05 07:28

Things on paper can be very deceiving; Venezuela's case is extraordinary... Despite having the world's largest oil fields, they just can't produce any oil.

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