Venezuelan crude is sour (ie not sweet) as is most Canadian crude. But where does Canadian crude get refined? Not on the gulf. So, first restarting Venezuelan crude will be both time and money intensive and if the US refines heavy crude in the gulf refineries (which are equipped to do so) what happens to the mid-west refineries and what happens to the cost of eg diesel in the mid-west? And, at what point does the benefit of presumably lower cost oil from Venezuela become painful for the fracking industry.
Well, well if your read my yesterday's post take a look at this link that has hit the front headlines on the internet today. If you don't want to look up the link it validates what I had posited on a collusion of Trump and Putin on They get Ukraine and we can take Venezuela. Hmm! What about China and Taiwan?
Damn national sovereignty and Climate Change we need energy for data centers -Bill Gates
Venezuelan crude is sour (ie not sweet) as is most Canadian crude. But where does Canadian crude get refined? Not on the gulf. So, first restarting Venezuelan crude will be both time and money intensive and if the US refines heavy crude in the gulf refineries (which are equipped to do so) what happens to the mid-west refineries and what happens to the cost of eg diesel in the mid-west? And, at what point does the benefit of presumably lower cost oil from Venezuela become painful for the fracking industry.
Well, well if your read my yesterday's post take a look at this link that has hit the front headlines on the internet today. If you don't want to look up the link it validates what I had posited on a collusion of Trump and Putin on They get Ukraine and we can take Venezuela. Hmm! What about China and Taiwan?
https://www.msn.com/en-us/news/world/trump-s-former-advisor-said-russia-offered-us-free-rein-in-venezuela-in-exchange-for-ukraine/ar-AA1TLiMm?ocid=msedgdhp&pc=HCTS&cvid=9a8e6f4095754361963b1c0f99d87a6b&ei=15