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The wells and refineries that processed most of the oil for exports have severely dropped their production, due to mismanagement and sanctions imposed by the United States.
In this sense, this situation has caused the economy to be dismantled, which is why the fuel shortage has led the country to a point where there is no turning back, according to Sheyla Urdaneta of The New York Times.
 
According to Petróleos de Venezuela, SA (PDVSA), approximately a decade ago in 2011,
the average production of crude oil was 2 million 991 thousand barrels per day and its price oscillated around 101.8 dollars, which was based on in the operation of 19,743 wells and 232 active drills. That is why by then Venezuela managed to position itself as the country with the highest production in Latin America. ....

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