alt Hacker NewsSanctions had nothing to do with this?
Replies
selectodude • 01/03/2026
Not really. VZ oil production peaked in 2012, long before the sanctions.
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Sanctions had nothing to do with this?
Not really. VZ oil production peaked in 2012, long before the sanctions.
Replacing all competent but ideologically unreliable people by reliable but incompetent people got more to it. See "Politicization" in https://en.wikipedia.org/wiki/PDVSA?wprov=sfla1