Venezuela’s oil industry—rich in reserves, a very important Allied useful resource in Entire world War II, a founding member of OPEC—is grinding towards a halt.
Venezuela has greater oil merchants than any other state. But following many years of corruption, mismanagement and more lately U.S. sanctions, its oil output has dropped to a tenth of what it was two many years ago.
From Lake Maracaibo in the west to the Orinoco oil belt in the east, abandoned wells rust in the solar as looters scavenge the steel. The previous drilling rig continue to operating in Venezuela shut down in August.