Venezuela holds the largest proven oil reserves in the world, estimated at roughly 303 billion barrels, yet it consistently earns a fraction of what other major exporters do from crude exports and suffers one of the most severe economic crises in Latin America. Venezuelan President Nicolas Maduro's capture is the latest in a series of setbacks for the Latin American nation. Oil Rich, Wealth Poor At face value, Venezuela should be immensely wealthy. Its oil reserves outstrip those of Saudi Arabia and the ...