Skip to comments.Venezuela threatens to cut oil exports to U.S (yap yap yap!)
Posted on 11/30/2007 4:49:54 PM PST by NormsRevenge
CARACAS (Reuters) - Venezuela's leftist President Hugo Chavez said on Friday he will cut oil sales to the United States if the American government interferes in Sunday's referendum aimed at allowing him to run for reelection indefinitely.
Chavez told supports at a rally that the state oil company will halt sales to the United States on Monday if Washington interferes with the vote on the proposed constitutional reform.
The Venezuelan leader and Cuba ally also said he had ordered the military to protect oil fields and refineries in case of political violence.
The reform would also give him direct control over foreign currency reserves while reducing the workday to six hours and expanding social security benefits for informal workers like street vendors.
Venezuelan President Hugo Chavez arrives at a rally in Caracas November 30, 2007.Venezuelans will cast their ballots on Sunday in a referendum on letting Chavez run for re-election indefinitely. REUTERS/Carlos Garcia Rawlins (VENEZUELA)
Somebody else post the STFU image; I am growing weary of this buffoon from Caracas.
1) Open the strategic reserve and bankrupt venezuela, russia and the Mussies.
2) Close Wallmart and bankrupt China
3) Nuke Pakistan and N Korea
4) Send everyone else the bill.
I believe we need a “Surge” in Venezuela.
Who will he sell his otherwise worthless dirty oil to? We have the only refineries that are capable of working with that sludge.
Even if he didn't sell oil directly to the US, he'd be selling into the world market, which means that we'd still have the same amount of oil available.
It's hard explaining simple economic reality to a socialist like Chavez.
Nobody from the USA will interfere except those leftist agitators.
This guy is a complete idiot.
Note to Hugo: You are one crazy man.
If possible, we should just quit importing from Venezuela. Let’s see how pimp-daddy does without U.S. funding.
Ahh, glad to see he’s in fine spirits. Though I find it ironic; the western press will print Hugo’s rants and raves, but is curiously silent on ME speeches and reports that state they’ll kill us all.
Wonder why that is?
I'm sure China would.
Please explain the 'dirty oil - sludge'...had no idea. I thought oil was oil
Does anyone have a pool going on when someone dispatches this doofus?
Does anyone have a pool going on when someone dispatches this doofus?
Not sure on that,, but Fidel told Hugo once again to be careful or he might get zapped by the gringos..
re: Fidel, that’s a pretty good trick btw, communicating from the other side,, Houdini would be jealous and Shirley McClaine most appreciative of the ability. ;-)
This would have no effect whatever on the oil market, even if Chavez were to not sell one drop to the US. Since oil is a worldwide fungible commodity, all his action means that that he sells more to China (for example) which would buy less oil from Norway, which would sell more to us.
Oil is not oil. There are various grades which are even visually observable.
Venezuelan oil tends to be heavy oil, rich in such components as asphalt. Other grades look much more like motor oil.
Oil from each field varies. Some are better for making gasoline, others for diesel or jet fuel. You do need to tool your refineries for the type of crude you’re going to be refining. You can’t run North Sea crude, West Texas, and Venezuelan crude through the same refining unit. It won’t work.
Lets see, who will visit Hugo for a hug in the near future?
Nancy Pelosi, Jimmy Carter, Barabara Striesand, Sean Penn. Now don’t you feel a lot better knowing we have a working diplomatic contingency in the US that will step-in in a moments notice to suck up to brutal dictators around the world. DISPICABLE UN AMERICAN HUMANS!
A boy walks by a mural depicting the last supper showing Jesus, center, surrounded by leftists icons, including Venezuela's President Hugo Chavez, third from right, in Caracas, Friday, Nov. 30, 2007. Venezuelans will vote Sunday in a referendum called by the government on major changes to their constitution, including removing presidential term limits and expanding presidential powers. (AP Photo/Gregorio Marrero)
Learn something everyday....
Maybe I can get better odds if I bet it won’t be a gringo.
Don’t know about rest of US, but in Texas most of the crap Citgo stations are out of biz due to our refusing to buy from Hugo.
Still there’s a big citgo refinery at Corpus Christi which is possibly the only one woprldwide that can turn asphalt into gasoline.
Great graphic, Norm. I absolutely love it!
Have a great weekend.........stay warm.
Maybe our lefties have Hugo convinced that Karl Rove can make Hugo's voting machines vote against him like the ones in Ohio did to Kerry. LOL!
Venezuela supplies 14% of our oil imports and that represents 80% of their exports. So...
Read the paragraph after the first chart...
This guy is the exact opposite of what the state department would like. But..That might be a good thing. My State Department is paying over 500 million dollars to a terrorist organisation. WE just gave them a raise. I thought that we were fighting a war against ......TERRORISTS..my money and your money is going to the palestinians. They tell you that they are killers and terrorists.
Good luck! It’s gonna be 50ish the next few days..
Oh grasshopper you have a lot to learn.
Thanks for that.
“referendum aimed at allowing him to run for reelection indefinitely. “
Kind of like his friend Fidel, huh?
Good for you guys. We don’t have Citgo out here in California. I believe there are stations in the Ohio region.
I'm guessing but also hoping that you're joking, since that isn't possible. But the Corpus refinery is tooled for Venezuelan crude as are some in the Texas City area.
Some oil from Southern California has many of the same characteristics as oil from Venezeula, and the refineries there have to have units devoted to handling that heavy crude.
Heavy crude isn't bad. You can make less gasoline from it, but none of the barrel is useless. Asphalt is in constant demand.
We don't want to quit buying from Venezuela even though their oil is not exactly what we would prefer. The shipping costs, compared to what it would cost from the Middle East or elsewhere, make it our economic choice and we tool our refineries accordingly.
Still, my original post on this thread stands. Chavez could refuse to sell us oil, and it would make no difference than our decision not to buy Iranian oil.
The same amount of oil goes into the world market, and only the transportation fees increase, which affects the entire world, not the political target.
China can’t refine his sludge.
Has to be the most idiotic post I’ve ever seen. Really.
“Has to be the most idiotic post Ive ever seen. Really.”
Thank you. Insanity in individuals is rare - in groups, parties and nations it is the norm.
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