It was not too long ago that copious oil reserves such as the 303 billion barrels located in Venezuela, which are the world’s largest, were viewed as a tremendous economic benefit. That vast petroleum wealth, which quickly became Venezuela’s economic engine, was responsible for shaping the Latin American country’s destiny. By the 1970s Venezuela was the wealthiest, most developed and politically stable country in Latin America. Even after the rapid decline of Venezuela’s leviathan oil industry, economic collapse and near failure as a viable state many politicians and analysts believe that its abundant petroleum wealth will finance the reconstruction of the devastated country. Sadly, it may be too late for Venezuela to benefit once again from its substantial oil wealth. Regime change, which is the ousting of Maduro and his autocratic socialist government for an internationally recognized government, is becoming increasingly urgent. For as long as that does not […]