Chavez nationalized companies, nationalized oil resources. And where do you think Venezuela ranks in terms of the size of their oil reserves? So I actually know too much about this. They are Venezuela [has] the largest oil reserves in the world. if I'm not mistaken. You're exactly right. They're bigger than Saudi Arabia. They're bigger than the United States. They've got massive oil reserves. They were incredibly prosperous. (00:45–18:41)
CLAIM
Asserts that Venezuela has the largest oil reserves in the world.
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