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90 sats \ 4 replies \ @freetx 7 Jan \ on: Venezuela Will Ship Sanctioned Oil to U.S. Indefinitely, sources say Politics_And_Law

I have no special knowledge but I've heard that Ven crude requires extra refining steps that they can't do (they could do it once, but due to years of commie neglect they can no longer refine it effectively).

So this may benefit both sides. "We will refine your oil for a percentage...." or some such deal....

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167 sats \ 3 replies \ @Cje95 OP 7 Jan

So Texas and Louisiana have refineries that are built for heavy crude oil refining. They were the ones that used to get the Venezuela oil but had turned to Canada's oil sands heavy crude.

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39 sats \ 2 replies \ @Undisciplined 7 Jan

Who knew Canada would be the biggest loser from regime change in Venezuela?

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137 sats \ 1 reply \ @Cje95 OP 7 Jan

Its pretty funny I am guessing that the US will try to leverage the ~700k barrels produced per day and shipped to China against China but I have no idea on if that would work. China imports a ton of oil and only 4% comes from Venezuela

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72 sats \ 0 replies \ @Undisciplined 7 Jan

Yeah, there are lots of other parties who can pick up the slack.

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