this post was submitted on 09 Mar 2026
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Today I learned

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Venezuela has the largest oil reserves in the world (by a lot) (en.wikipedia.org)
submitted 1 day ago by frightful_hobgoblin@lemmy.ml to c/todayilearned@lemmy.ml
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I'd thought it was either somewhere in the Middle East or a big country like Russia

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[–] PowerCrazy@lemmy.ml 3 points 1 day ago* (last edited 1 day ago)

Not all oil is created equal. While all oil is useful, our current oil dependent economy is highly dependent on easily (cheaply) refined and pumped oil.

Though the guardian claims that Venzuela oil is "ideal" for America's guld-coast refineries. I don't really know one way or another the efficacy of that claim. https://www.theguardian.com/business/2026/jan/05/venezuelan-crude-oil-appeals-to-us-refineries