They had a vibrant democracy, they had the Blancos and the Colorado's. I mean they had these two political parties that almost became too status quo. They trade back and forth. But because Venezuela had 20% of the world's known oil reserves. Venezuela was quite prosperous. But that kind of status quo politician back and forth and graft pissed off the Venezuelan people rightfully. (04:48–05:00)
CLAIM
Asserts that Venezuela holds 20% of the world's known oil reserves.
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