In 2016, Venezuela had the world's most Proven Oil Reserves of 303.8 billions of barrels of oil, resulting in an amazing 366 years of its Annual Oil Production in Oil Reserves.
As a comparison, in 2016 Russia had a much lower 80 billions of barrels of Proven Oil Reserves, resulting in a very low 21 years of its Annual Oil Production in Oil Reserves.
Also, in 2016 the US had an even much lower 47.1 billions of barrels of Proven Oil Reserves, resulting in an even much lower 15 years of its Annual Oil Production in Oil Reserves.
To substantially help Venezuela's economy, which has been in trouble for many years, Venezuela needs help in substantially stepping up its Oil Production which would provide massive funding to help the suffering Venezuelan people, especially now with the historically high oil prices.
The US, Canada and some Western European countries, which all have superlative expertise in Oil Production, would like to help Venezuela step up its Oil Production.
