The optimism of people's faces on the streets when I was in Venezuela was tremendous. So back to oil production. It's a little less than a million barrels a day today. I think you'll see several hundred thousand barrels a day of additional production by the end of this year. World oil demand grows by about a million barrels a day per year. So 30 could be 30 or 40% of incremental oil demand this year will come from one country, from Venezuela, a little bit of downward pressure on oil prices there. (45:37–45:47)
CLAIM
Asserts that Venezuela's oil production is currently less than a million barrels a day, with expected increases.
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