Well for most Contries oil is a resource that they can sell for money but for others when they rely on oil and they run out bad things happen,like inflation.
@virdeo9152
Ай бұрын
like venezuela? lol
@AzAmAt1994OK
Ай бұрын
Venezuela is not rich country 🙅♂️It doesn't depend just to resources. Mainly technology, science like Japan
@borjarino
Ай бұрын
Venezuela was the richest country in its region for a long time. Wrong policymaking, such as nationalizing the oil rigs and putting them under government control, has led it to a severe downturn.
@twominutesturkish6664
Ай бұрын
Funny how once Venezuela is found to have more oil than Saudi Arabia the US want to spread “freedom and democracy” there ay? Even if that means performing a CIA coup against its government
@varsoo1
25 күн бұрын
Venezuela used to be the richest country in South America for 80 years. It quickly turned from the richest to the poorest in just 20 years since Chavez came to power. Tells you a lot about how democracy matters: wrong choices today can affect your great great great grandchildren and make them poorer than they should be. Kids born in Venezuela today will be earning less as adults in their 30s than their great grandparents did in the 1980s.
@stepantulchynsky9123
14 күн бұрын
@@varsoo1 🤣
@ghostxiaoyu
Ай бұрын
Great information!
@AydenBarChartRace
Ай бұрын
Glad it was helpful!
@jmgmarcus808
Ай бұрын
US: Hi Venezuela....you guys look like you need some democracy with that oil
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