Venezuela has the worldÕs largest known oil reserves and as you guys know oil is a base of every economic activity and oil is called as a black gold which means it is a very profitable business with higher returns. So if the oil is having colossal demand then how a country with vast reserves can fail so badly? As inflation rises, the Venezuelan government took some decisions which backfired and escalated problem rather than countering it. Now in Venezuela, there is not only a single problem which is hurting economy there are several issues in the economy of Venezuela. I will try to address most of them in this book.