Trump's True Intentions for Venezuela Begin to Emerge

[RX792P]

Glad we're not planning on spending tax money on this, but it's another dissuasion for US oil companies to 'invest' in Venezuela

Energy Secretary Chris Wright

“We are not going to get involved in providing on-the-ground security for people in Venezuela”

[Yssup Rider]

At the end of the day, Trump-tilda will have forgotten Venezuela, if he hasn’t already.

[RX792P]

Ship tracking data showed a tanker chartered by Vitol reaching Venezuelan waters with the first naphtha cargo tied to a new oil deal between Washington and Caracas.

Who's paying for the naptha?

[eccieuser9500]

Naphtha is a flammable liquid hydrocarbon mixture from petroleum distillation, used as a solvent, thinner for paints, fuel, and a feedstock for gasoline and plastics, known for its volatility and strong odor, with common forms including mineral spirits (a related solvent) and the laundry bar soap Fels-Naptha. It's a versatile chemical derived from crude oil, natural gas, or coal tar, with various industrial and household applications.

For us in other industries.

[RX792P]

Venezuelan oil is closer to asphalt than oil...
Naptha must be mixed with the oil as a 'diluent' to be able to make the oil move thru pipelines from the well to storage and from storage to tankers.

Venezuela previously got most naptha from Russia...but that ain't happening now.

[RX792P]

Oopsie...something new for Trump/Rubio etc. to deal with?

Venezuela’s acting president Delcy Rodríguez said Sunday she has had “enough” of Washington’s orders, as she works to unite the country after the US capture of its former leader Nicolás Maduro.

“Enough already of Washington’s orders over politicians in Venezuela,” she told a group of oil workers in Puerto La Cruz city, at an event broadcast by state-run channel Venezolana de Televisión.

“Let Venezuelan politics resolve our differences and our internal conflicts. This Republic has paid a very high price for having to confront the consequences of fascism and extremism in our country.”

https://news.yahoo.com/articles/vene...071716428.html

[RX792P]

Are Venezuela's oil reserves overstated?
300 billion barrels or 29 billion barrels?
It may depend upon one's definition rather than actual barrels in the ground.

https://oilprice.com/Energy/Crude-Oi...coverable.html

Venezuela's official figure of over 300 billion barrels of proven oil reserves is mostly a statistical reclassification of extra-heavy crude from the Orinoco Belt, driven by high oil prices and changing reserve definitions, rather than new discoveries.
The Orinoco crude is closer to Canadian oil sands and is expensive and complex to extract, requiring upgrading infrastructure, leading independent estimates to place the economically recoverable oil at roughly 29 billion barrels.

Between 2005 and 2011, Venezuela’s reported reserves nearly quadrupled—from under 80 billion barrels to nearly 300 billion—without a corresponding surge in discoveries or production. The transformation was largely statistical, not physical.

By 2008, crude prices were approaching $140 per barrel. As oil prices rose, projects that had once been marginal suddenly appeared economic—at least on paper.

At current prices (and even more so at Trump's desired prices) in the $40/bbl range much of Venezuela's oil changes from reserve to resource. The difference?
A barrel of oil only qualifies as a proven reserve if it can be economically recovered at prevailing oil prices using existing technology.

[Yssup Rider]

Seems like someone in DC with tiny hands and a Microsoft Dick was jerking off again.

[RX792P]

per U.S. Secretary of State/Acting National Security Advisor/Acting Archivist of the United States/Acting Administrator for USAID Marco Rubio's prepared remarks for his appearance before the Senate today.

"There are no U.S. troops on the ground. This was an operation to aid law enforcement,"

But

"We will closely monitor the performance of the interim authorities as they cooperate with our stage-based plan to restore stability to Venezuela. Make no mistake, as the President has stated, we are prepared to use force to ensure maximum cooperation if other methods fail.

[RX792P]

U.S. Big Oil giants Exxon Mobil and Chevron said Jan. 30 they have no plans to increase their capital spending in Venezuela this year while they wait and see how legal and political reforms unfold to make the country more inviting to foreign oil investments.

[Yssup Rider]

So Trump-tilda was lying ?

Nah…say it isn’t so.