Posted on 02/07/2016 6:36:37 PM PST by doldrumsforgop
Low oil prices are a boon to America if it can defeat its enemies this way.
wow
How are they paying for it? If they are so broke....
We’re not going to defeat our enemies by using up our own oil while their’s sits in the ground waiting for another day.
We should nationalize Citgo.
Venezuela has always had to import light, sweet crude to mix with its high sulfur thick oil.
Now that the US is allowed to export oil again, shipping costs are much cheaper for VZ.
Where is that Simpson’s “ha-ha” guy?
likely exchanging.
US refineries are designed to handle the heavy crude.
Next thing you know, Italy will be buying pizza from us.
Russia will be buying vodka.
who knows where it will end :)
That’s just it. Shouldn’t Venezuela’s refineries be designed to handle heavy crude?
The US gov't (taxpayers) prolly loans them the money.
that’s a false notion.
Everyone who has predicted the demise of oil volumes has always been wrong.
God endowed this earth with oil for man to use. The newest technologies of horizontal drilling and stage fraccing has opened up vast quantities in heretofore unknown horizons.
The end is way, way down the line, even after a 100 years of producing in US.
Scripture also says that the Earth will wax old like a garment.
I’m a lot more comfortable using our own than I am selling our own. I think it was a huge mistake to lift the ban on exports.
one would think, but the heavy crude is not what the country of Venezuela started. It was light, sweet crude that was initially produced. The heavy crudes is what most of the oil in the country has, and they now have resorted to tapping it.
The wise men of this country 25-30 years ago thought it would also happen here in this country, and reconfigured many of the refineries toward utilizing heavy crude. We wound up not need to as most of our crude remains not heavy.
Our oil companies nearing bankruptcy might disagree with you.
If the Marxists took over the Sahara, they would soon be importing sand.
did you read my post 9?
We are most likely exchanging oil, so not really selling anything.
And that is the issue: Just because you are exporting does not mean one is selling it.
Most people think like you do and believe it is simply sold.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.