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In reply to the discussion: Maduro urges calm as Venezuelans jam stores again [View all]MADem
(135,425 posts)Their oil requires a lot of handling--it's funky stuff and USA has refineries that can process it efficiently (and we do--and we also send it back to them as motor oil, gasoline, etc.).
They also have people in the government who skim, steal and divert the product. Then there are "businessmen" -- private citizens who are friends of the regime who are doing the same thing; selling the stuff to smugglers in Colombia, Brasil, etc.
It's a corrupt shithole. Everyone is out for themselves. They should have used the oil to lift themselves up as a nation; instead, the "Boligarchs" use the oil to enrich themselves personally, and they trade it to Cuba in exchange for doctors and some governmental management assistance (which isn't too good, if you ask me...).