This brave action to dispose of the Commie in charge of Venezula has resulted in 12 to 14% price reduction of bulk gasoline. Those decreases will be showing up at our pumps next week>
Also, this may be the end of the vile Opecker Princes and their cartel Opec. The new government will supply the oil to meet market demands.
Shermy, would you please go to Drudge to get an article on what is happening re maybe the end of Opec, and post a thread on what is happening down in Venezuela. I will be leaving to do Grampa things and to help my DIL to plant flowers and other green things in her new back yard.
U.S. refiner Ultramar Diamond Shamrock Corp., a unit of Valero Energy Corp. has signed a three-year contract to take 45,000 bpd of the new ``Zuata Sweet'' crude to its Three Rivers refinery near Corpus Christi, Texas.
While analysts and oil companies warn that new oil terms put in place under Venezuela's new hydrocarbon's law may prevent further heavy oil investment, the Ministry of Energy and Mines said the tar belt would provide stable supply for decades.
``We have oil in the Orinoco to last for the next 35 to 40 years,'' said a Ministry spokesman. [End Excerpt]