And I've had conversations with a number of smaller E and P exploration and production independence in West Texas, and they've expressed optimism. Number one, in terms of Venezuela. Venezuela has the highest proven reserves of oil in the world. No country has more. But the Venezuelan infrastructure is completely collapsed. Communism is not capable of producing what they should. (28:21–28:27)
CLAIM
Asserts that Venezuela holds the largest proven oil reserves globally.
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