Blackvegetable » 14 May 2026, 11:35 am » wrote: ↑ Many of our large Southwestern refineries were engineered to process the crude imported from Venezuela....
It's about the grade.
What did I miss?RebelGator » 14 May 2026, 7:57 pm » wrote: ↑ Add the distillation process to the things you know jack **** about.
75% of the oil that the USA produces is sold on the international oil market. Our refineries are not built to deal with it. We export about 10.15 million barrels daily, and import about 8.5 million barrels daily. We are a net exporter of hydrocarbons, but much of the gas we pump into our tanks is refined from imported petroleum. There is no escaping the price of crude.PhiloBeddo » 14 May 2026, 10:17 am » wrote: ↑ We have plenty of oil. I think it is all due to coked up commodity traders, douche bags in suits. Oil should not be a market commodity. Greedy people who never did a hard days work in their life are making millions and getting fried on coke. **** wall street.
What, you think we would attack ourselves?Vegas » 14 May 2026, 10:31 am » wrote: ↑ The oil companies here sell their oil at global market price, not at local prices. It has its benefits and drawbacks. Right now, we are experiencing one of the drawbacks. The Iran war is the primary culprit. The other option is for the US to nationalize its own oil. Not a good idea. That is what Venezuela did.
We are not so "energy independent" as you might think from listening to politicians and "journalists."PhiloBeddo » 14 May 2026, 10:55 am » wrote: ↑ There has to be a way to sell oil at domestic prices in the USA while selling oil at global prices to the rest of the world. Being energy independent should have some advantages. It's kind of like instate and out of state tuition. Locals should pay less.
"*** in suits" is capitalism, son. Leather-loafered cock suckers who snort coke and don't have to produce because they have connections.RebelGator » 14 May 2026, 10:58 am » wrote: ↑ Problem is too many *** that wear suits getting between the oil being pumped out of the ground and you pumping it into your car.
On the level of SMH.
At the rate he's burning fuel, he needs one **** of a lot more than 14k before he's gonna get so much as ramen noodles.Fuelman » 14 May 2026, 11:59 am » wrote: ↑ A friend who is an owner operator spent $3500 in diesel in 7 days. Has to make $14k a month before he can afford lunch.
I hope he survives.
It's a great time to be getting oil royalties!
Just so we don't step over some ****, Conoco Phillips inked its deal during the presidency of Rafael Caldera, on the heels of one of the biggest financial scandals in Venezuela's history. It was the scandal of the fugitive bankers. Caldera had bailed out the bankers, who subsequently fled the country - among them, his son in law. And all of this happened on the heels of his predecessor's austerity measures, so the people could ill afford it.RebelGator » 14 May 2026, 2:58 pm » wrote: ↑ Venezuela's nationalization of its oil industry primarily impacted multinational oil corporations, particularly major American and European companies that had operated under concession agreements.
While international law and independent economists emphasize that Venezuela legally owns the oil reserves within its own territory, the accusation of "theft" refers to the seizure of private corporate assets, infrastructure, and investments without the full payment of legally required compensation.
The primary entities impacted across Venezuela's two distinct waves of nationalization include:
The 2007 Wave under Hugo Chávez [1]
The most severe financial disputes and uncompensated asset seizures occurred in 2007, when President Hugo Chávez forced foreign operators into minority stakes controlled by the state oil company, PDVSA.
- ConocoPhillips: The American giant saw its substantial investments in major ventures (such as Petrozuata, Hamaca, and Corocoro) seized outright. International tribunals later ordered Venezuela to pay the company $8.7 billion, of which only a fraction has been recovered.
Isn't what he is proposing (domestic price controls for oil) SOSHALIZM or COMMUZINISM???Cannonpointer » 14 May 2026, 11:29 pm » wrote: ↑ We are not so "energy independent" as you might think from listening to politicians and "journalists."
The US proven reserves are not terribly impressive compared to the US appetite. We will almost certainly not be a net exporter in perpetuity, The main reason we are currently a net exporter is to weaken Russia by taking their customers in Europe away. Delivering to China is much more expensive.
The US has less than 5% of the world's proven reserves. It consumes 20% of the world's oil on a daily basis. The math is the math: We are using at 4+ times the rate that we are holding. China uses 15%, and India uses 5.3%.But they both have 5 times as many people.
This isn't a good thing or a bad thing. It's just a thing. We could double our proven reserves next week. Or someone else could. Oil is funny like that.
Oh, it is, it is. But he doesn't understand the things he says. I find it easier to give him better access to facts than to mire myself in the slog of teaching him to think. His schools failed him, and he failed his schools. In any civilzed country, he would be sold as meat in the public marketplace. If I were minister of emigration, I would deport him to someplace with which his family has no historical connections.LowIQTrash » 15 May 2026, 12:00 am » wrote: ↑ Isn't what he is proposing (domestic price controls for oil) SOSHALIZM or COMMUZINISM???
Phil's meat is rotten. Nothing marketable there.Cannonpointer » 15 May 2026, 12:08 am » wrote: ↑ Oh, it is, it is. But he doesn't understand the things he says. I find it easier to give him better access to facts than to mire myself in the slog of teaching him to think. His schools failed him, and he failed his schools. In any civilzed country, he would be sold as meat in the public marketplace. If I were minister of emigration, I would deport him to someplace with which his family has no historical connections.
Which angle is the grade? 5 degrees tilt, 10 degrees out of phase with evolving in plain sight?Blackvegetable » 14 May 2026, 11:35 am » wrote: ↑ Many of our large Southwestern refineries were engineered to process the crude imported from Venezuela....
It's about the grade.
99% of how evolving actually happens in plain sight.
That's why they call the boy pedophilo beddo.