Venezuela's Oil Paradox: From Boom to Bust

0:00From the Daily News Now Network, this is Corey with the story with Adelaide News today. Harriet Tatham, a former ABC staffer, recently explored Venezuela's oil paradox. The country sits on massive reserves, yet its industry lies in ruins. Boom Towns wants buzzing with activity now stand empty, and experts say it will take billions of dollars to get things running again. Her team ventured deep into the oil regions for a foreign correspondent special. They saw firsthand how mismanagement and economic woes have crippled production, leaving workers jobless and infrastructure crumbling. People there shared stories of lost livelihoods and daily struggles amid shortages. The crisis hits hard in a nation that should be rich from black gold, fueling broader debates on resource curses and recovery paths. Meanwhile, Tatham has tackled local disasters too, like the Sydney Hat Factory Fire. That Century Old Building became an inferno in just seven minutes after the first emergency call. Right in a crowded neighborhood, ongoing probes and rebuilds highlight fire safety gaps, while

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