[protoplant]

Okay a good page that goes into depth is history of Venezuela oil Wikipedia

https://en.m.wikipedia.org/wiki/History_of_the_Venezuelan_oi...

The Chávez administration used high oil prices in the 2000s on his populist policies and to gain support from voters. The social works initiated by Chávez's government relied on oil products, the keystone of the Venezuelan economy, with Chávez's administration suffering from Dutch disease as a result.

When prices collapsed they had all eggs in one basket.

Now what was seized and not discussed in the wiki was oil platforms from foreign companies. Sometimes instead of Chavez paying a debt, he would seize the platform and "nationalize it" so this caused foreign companies to be wary of investing.

https://books.google.com/books?id=TFY_DwAAQBAJ&pg=PA116&lpg=...

On to hyperinflation

To assuage the oil price decline which began back in June 2014 and continues through to today, President Maduro printed more currency,

[balthasar]

We both can agree that the pdvsa is incredibly corrupt and post Chavez politics have been a shit show. Whether this is a necessary result from nationalization is not an easily answered question but I'm glad you actually voiced an opinion on the issue besides just nationalization is bad. Cheers.