Processing for oil is customized based upon its properties, which vary based on the source. It isn’t possible to just swap Venezuelan oil for some other oil.
I mean I know that. I never said it was an easy switch.
It is a costly, cumbersome process. What better way to make this costly, cumbersome process more attractive than to put a chokehold on global oil supply?
While this is true, to my recollection Venezuela actually does produce the right kind of oil for the US to refine. That’s believed to be what made it attractive (the other option would be Canada). Ironically the US does not have the ability to refine the oil they now produce. That’s why they export it instead.
But the idea that they’re actually going to get any oil out of Venezuela is laughable. Every company that Trump pitched the idea to turned him down, because it’s far too volatile a region and political situation for them to go in and set up billions in infrastructure.
Processing for oil is customized based upon its properties, which vary based on the source. It isn’t possible to just swap Venezuelan oil for some other oil.
I mean I know that. I never said it was an easy switch.
It is a costly, cumbersome process. What better way to make this costly, cumbersome process more attractive than to put a chokehold on global oil supply?
While this is true, to my recollection Venezuela actually does produce the right kind of oil for the US to refine. That’s believed to be what made it attractive (the other option would be Canada). Ironically the US does not have the ability to refine the oil they now produce. That’s why they export it instead.
But the idea that they’re actually going to get any oil out of Venezuela is laughable. Every company that Trump pitched the idea to turned him down, because it’s far too volatile a region and political situation for them to go in and set up billions in infrastructure.