Fareed Zakaria
👤 SpeakerAppearances Over Time
Podcast Appearances
And it took 80 years to build that level of trust.
And my great fear is that, as you say, for kind of like...
almost misguided notions of economic wealth.
We're squandering it because what are we going to get?
First of all, the Venezuelan oil is a bit of a mirage.
Most people don't realize they talk about Venezuela having the largest oil reserves in the world, 300 million.
You know where that number comes from?
Hugo Chavez one day crippled the estimate of Venezuela's...
Chavez is a bit like Trump that way.
We're not getting the good numbers?
Yeah.
I love the cal classifications.
The stuff we produce is called light sweet.
And theirs is heavy, crude.
Who wants that?
Yeah.
But also, right now, they're exporting 1% of the world's petroleum.
They're 21st.
So they're going to be able to do more.
But the whole idea of some gold mine, which is why the CEO of Exxon, in front of the television cameras, tells Trump, Venezuela is currently uninvestable, which means if you want us to invest, the US government is going to have to give us guarantees.