In a turd such as Venezuela...id rather ire on some caution to be honest.
The increase in reserves in 2010 was due to it being deemed feasible to extract oil from the Orinoco belt. It's not just Venuzuela saying it. Oil extraction processes are being improved, so it is not just plausible but expected for oil previously deemed unrecoverable to become deemed recoverable.
Regardless the issue is that we, cannot actually use most of the oil anyway...so its a battle for self sufficiency and kicking OPEC in the ayatollah.
That's true. Regardless of how much longer we can use oil and gas, we'd be better off not being so dependent on foreign sources, many of which are hostile to us and some of which are funding terrorism. Fusion would be of enormous benefit to us...which is why I think we should increase funding to ITER since there's plenty of evidence that it works. Unlike Rossi's magic box.