The graph above shows Venezuela’s crude oil production according to the IEA since 2,000. The red line is crude production without the heavy oil partenrships, while the black is total. The plot also shows the daily consumption of gasoline in the country which is already up to 770,000 barrels a day. Not a very pretty picture.
(Taken from a presentation by PDVSA’s former Chief Economist Ramon Espinasa)
The Devil's Excrement 
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