even fewer know that Venezuela's oil is incredibly sour and expensive to pump and refine, and most of their reserves are basically junk at any but the very highest oil prices

December 17, 2025 - 16:35 UTC

1
0
28
Given how much damage you can do to a field with bad practices when you're desperate, what must their operating fields even look like
1
0
1
US refining capacity wants to be high margin, but fracked oil is easy/cheap to refine (See "nelson complexity" here youtu.be/J3tEZXBayWc)

US refineries refuse to retool to handle the domestic stuff, so it gets exported. They import canadian tar sands only their high tech processes can digest.
0
0
2