this post was submitted on 30 Nov 2025
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Eh, the reason there's so little exports is because the extraction collapsed when all the workers at the national company, PDVSA, were fired in a single day for political reasons. Then the drop in prices in 2015 further destroyed all facilities. Even if the US invades today, it would take decades to rebuild the infrastructure back to pre-2000 levels of export.
It is a combination of sanctions and a lot of infrastructure being broken. But a lot can be repaired relatively quickly. You do not need peak production levels to make a hell of a lot of money.