Ok...I am not arguing here, but am only trying to get your opinion, so do not start preaching, ranting and foaming at the mouth...Venezuela is reporting vast oil reserves. Some reports state it is enough to produce 200 years worth of oil.
"Palast reports a US Energy Department expert believes Venezuela holds 90% of the worlds super-heavy tar oil reserves - an estimated total of 1,360,000,000,000 (1.36 trillion) barrels. Let me repeat that - 1.36 trillion barrels. That alone is more oil than Hubbert believed 50 years ago lay under the entire planet."
Venezuela's president, Hugo Chávez, has also stated that he would be will to set a fix price at 50 per barrel.
Again, no freakish ranting or political turrets syndrome