Venezuela’s 303 Billion Barrels: What the World’s Largest Oil Reserve Means for the U.S. Economy

Venezuela sits on an estimated 303 billion barrels of proven oil reserves, making it the country with the largest known oil deposits in the world. To put that number in perspective, Venezuela’s reserves represent roughly 18% of the global total, dwarfing those of traditional oil powerhouses like Saudi Arabia, Iran, and Canada. The United States, […]

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