Some believe Venezuela possesses diverse and massive oil reserves, including light crude, which could significantly increase output and contribute to global supply if the sector were developed efficiently.

Critics question whether the Venezuelan population will truly benefit from handing control of their oil resources to a foreign power, despite promises of investment and economic recovery.

Some argue that Venezuela's extra-heavy crude, being refinery feedstock, cannot immediately alleviate current shortages in refined products like diesel and jet fuel, making the 'turn Venezuela on' reflex ineffective in the short term.