Venezuela's oil crisis tells an interesting story about resource management gone wrong. The country holds the world's largest proven oil reserves, yet production has collapsed spectacularly—from 3.5 million barrels per day in 1970 to barely hitting 1 million bpd today. When commodity superpowers stumble like this, it reshapes global energy markets and creates ripple effects across macroeconomic cycles. Worth watching how energy scarcity plays into broader economic narratives.