I need help answering the following questions.

Here is the link below to help you answer the following questions.

https://www.youtube.com/watch?v=ySko8ux2cl4

1. Was Venezuela a wealthy country?

2. What is the source of wealth in Venezuela?

3. What happened to the Oil Industry?

4. The Nationalized and Reform of the Oil Industry Work?

5. Did Venezuela run into trouble, What were they? (3 examples)Gave 3 examples

6. What happened when Oil prices fell?

7. Bonus Question: What is the condition for common people in Venezuela now, are they doing well?