The title is crude nation how oil riches ruined venezuela notice it isnt called how hugo chavez and nicolas maduro ruined venezuela the books thesis is that venezuela never was able to cope with the insane wealth emanating from its oil reserves. Crude nation how oil riches ruined venezuela crude nation potomac books tells the story of a country driven mad by oil the book explores the upside down reality that makes oil rich venezuela a ticking economic time bomb venezuelans buy and sell dollars in secret and smuggle gasoline and food for a living. The potential for easy riches when oil prices are high he said has led both governments and citizens to take a short term view wantonly spending oil money without planning for the future when crude prices inevitably decline and the cash stops flowing venezuela plunges into economic chaos and political instability. Crude nationreveals the ways in which this mismanagement has led to venezuelas economic ruin and turned the country into a cautionary tale for the world raul gallegos a former caracas based oil correspondent paints a picture both vivid and analytical of the countrys economic decline the governments foolhardy economic policies and the . Crude nation how oil riches ruined venezuela crude nation tells the story of a country addicted to oil riches the book explores the everyday economic reality that makes venezuela the nation with the worlds largest oil reserves a ticking time bomb
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