Have you ever stopped to think that gas is too cheap in Venezuela? That because its cheap people are wasting it? That at a higher price this LIMITED resource would be better used? At what cost does cheap gasoline extract from the society? I mean, what you're failing to notice is the failing medical system, schools, opportunity, roads, cities, etc.... The price isn't low because Venezuela is efficient at extracting oil, they're subsidizing the costs by selling oil overseas. In a free market yes gasoline would cost more, but it'd also be used more wisely. The Capital saved by not having to subsidize fuel could then instead be invested in other things like fixing the broken sewers, the poor roads, the polluted cities, the poor schools. IF in the hands of private businesses, this capital is used the most efficiently as everyone competes to offer the best services for the limited capital. Think what Venezuela will look like (of Iran, or KSA, etc,,,) when the 'cheap' oil runs dry.