I reflected a bit on some of the other things you said.

It is funny that both Hugo Chavez and oil rich America states kind of got themselves into trouble in similar fashion

Neither Venezuela nor Oklahoma saved oil revenue for a rainy day. At least Venezuela tried to spend the money on improving the lot of the poor. Oklahoma spent it on tax cuts

In the end one cannot be ideologically blind. I think people should probably focus more on the quality of government that on ideology alone. Democratic socialist Einar Gerhardsen asked guy from the conservative party to be his finance minister in one of his first government. Even though the parties where basically enemies, Gerhardsen was a pragmatic and valued the high competence in economic matters this conservative guy had.

I must also give some credit to Norwegian conservatives in that they did not attempt to straight out sabotage and undo everything the labor party built up. In the US today it seems Republicans are eager to sabotage anything the Democrats had built.

Venezuela likely had similar problems in that the different political parties have had too low trust in each other. I think you get a long way if you have trust, pragmatism, competence and the right ideology.