Atrioc

in Venezuela increased greatly through that time period as well.

If you look, pushing to 2000, that is when oil production is the highest.

But I think what happened over the course of the- Hold this graph up.

Yeah, this is the US imports.

And total production in Venezuela is skyrocketing towards the 20th century.

But that isn't the only marker for success, right?

The original intentions of nationalization is to take more firm control of your resource and have those benefits passed down more concretely to the country.

But as the American company involvement in the national oil production process

became more significant, less and less of the benefit from the average person was being seen from that oil.

That's the argument at the time and why Chavez was able to step up and make this argument for full nationalization again.

Unless you meet these really strict terms, we're kicking you guys out and we're not buying out your equipment, we're not buying out the resources that you had invested here.

And one thing I didn't know is that ExxonMobil, one of the other companies, all of these companies leave because they don't want to take like Chavez's version of the deal, except Chevron.

Chevron still operates in Venezuela now, which I did not know until like a few days ago.

So they were willing to take this deal where they don't have any direct ownership over the oil fields.

They don't have any direct ownership over the oil.

They don't even necessarily get paid in cash.

They get paid.

Goldfinger, I was like, I was trying to call you guys.

James Bond.

They don't even get paid in cash necessarily a lot of the time.