Venezuela’s oil production still a big question mark

Judging from an internal U.S. Southern Command report on long-term oil production in Latin America, Venezuelan President Hugo Chavez is unlikely to meet his promises of energy assistance to neighboring countries and could even find himself with problems to keep production up at home.
Before we get into whether the study is realistic or wishful thinking by U.S. military analysts, let’s look at the report’s main conclusions.

Many U.S. oil experts say Venezuela is playing games with production figures. Jorge Pinon, a former head of Mobil Oil Latin American operations who is now an energy researcher with the University of Miami, estimates that current conventional crude oil production in Venezuela is nearly 2.8 million barrels per day.
Salt Lake Tribune