So, they will be subsidized? If it’s so profitable, why the subsidies? Almost like the taxpayer is helping to find the private company profits.
In a foreign land, no less.
“We’re gonna build a new Venuzuala and the Americans are gonna pay for it.”
We’re going to build infrastructure to steal from Venezuela. We’ll pay for the mercs that requires. You guys should definitely try and sell it. We’ll get the poor to pay for it. In both countries.
Why would they pump out the oil to reduce the prices and lower their profits? Even if they pump out the oil, there is a break even cost to consider
Not when you don’t pay that cost. Security, shipping, workers etc , courtesy of the American taxpayer.
For those who do not get it. The US has a lot of refineries on the coast of the Golf of Mexico, which are designed to process heavy sour crude mainly from Venezuela. That is low quality oil hard to refine. The fracking oil the US produces is light and sweet, which makes it more valuable, as it is easier to refine. There are some alternatives to Venezuelan oil, but they all have at least some problem. Canada is inland and the KeystoneXL pipeline is just not happening, Mexican Maya crude is running out and Russian heavy is sanctioned and also hard to get. Therefore the US refineries would love to get their hand on Venezuelas oil. as they can buy it for less then US fracking oil, which means a higher profit margin. Those refineries are often not owned by the companies, which only refining.
While he offered them “total safety”, the president also suggested some of the oil firms present did not need the US government’s help. “These are people that drill oil in some pretty rough places,” he said. “I could say a couple of those places make Venezuela look like a picnic.”
Surely he must be talking about Port Arthur, TX and SW Louisiana
