That's mere sophistry. The non petroleum sectors of the Venezuelan economy, from manufacturing to agriculture to the distribution systems for goods and services have largely collapsed. Venezuelan petroleum production vrates are also down significantly. All this is a direct result of the delusional policies of a government that promised equity, prosperity and justice for all and delivered only petty self serving authoritarianism, cronyism and propaganda.
In terms of comparative purchasing power, petroleum prices today are about where they were in 2003. Venezuela wasn't suffering economic collapse then.
Saudi Arabia faces increasing challenges in dealing with a changing economic situation , and it isn't yet clear if their system will survive the new conditions they face. However in relative terms Venezuela is far more richly endowed with a range of natural resources (including productive forest and agricultural land) .... and it is doing far worse.
It was the late, unlamented Chavez who draged Bolivar into this picture (and his moronic replacement Maduro who sustains it), not me (Though judged by the results they delivered, the connection is not entirely unjust).