And here is the graph showing PDVSA’s Heavy, medium and light oil production. As you can see the country lost almost half a million barrels of production of the highest quality oil (the one with the highest margins too) the country has under the roja, rojita administration. I guess it is a strange concept of sovereignty this revolution has. . 
The chart plots oil production by PDVSA for each caetgory of oil produced. The red line is light crude, the blue is medium crudes and the orange is heavy crudes.
The Devil's Excrement
Observations focused on the problems of an underdeveloped country, Venezuela, with some serendipity about the world (orchids, techs, science, investments, politics) at large. A famous Venezuelan, Juan Pablo Perez Alfonzo, referred to oil as the devil's excrement. For countries, easy wealth appears indeed to be the sure path to failure. Venezuela might be a clear example of that.
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The Devil's Excrement 
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