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Venezuela exploits Biden's weakness

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Posted By: Moritz55, 12/6/2023 9:35:50 AM

Not content to subjugate and impoverish his own people, Venezuela's dictator, President Nicolas Maduro, is casting his malevolent eyes on a new prize. Guyana or, more particularly, its oil reserves. Venezuela is home to the world's largest proven oil reserves. The South American nation of 28 million people should be an economic powerhouse. Instead, after decades of socialist kleptocracy under Maduro and his predecessor Hugo Chavez, Venezuela is an economic basket case. There was a temporary respite in 2022, but Venezuela's economy is once again in crisis. Oil exports remain critical to propping up Maduro's dictatorship with a flow of foreign capital. But excessive government spending, inflation, corruption, and

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Reply 1 - Posted by: slipstik 12/6/2023 10:30:59 AM (No. 1611629)
EVERYBODY exploits Biden's weakness. EVERYBODY!!!
7 people like this.

Reply 2 - Posted by: DVC 12/6/2023 10:56:03 AM (No. 1611669)
Insanity. Venezuelan crude oil is much like asphalt used to pave roads, slightly more liquid. It must be heated to be pumped, and contains comparatively little of the "light ends" which make gasoline and diesel fuel, and a LOT of the "heavy ends" which are used for road paving. Estimates are that of a barrel of Venezuelan crude, only about 10% gasoline can be refined from it. And there are only a few specialized refineries which are set up with the heated pumping and such to refine such crappy, nasty stuff. We really shouldn't be buying oil from Venezuela, it's not high quality stuff. We do have the right refineries, though, since we used to buy most of the crude from Venezuela. Contrast this with the oil from the Bakken Formation, about 200,000 square miles under North Dakota, Montana and parts of southern Canada. Joe and his evil minions are pushing hard to shut down production in the US oil fields like Bakken, which extract very high quality crude oil. The oil extracted from this HUGE field is "light and sweet" and needs relatively little refining to be made into gasoline and diesel fuel, and lubricating oils. Actually, shale oil from the Bakken is so different than most older heavy crude oils from Texas and other locations that many US refineries are not designed to deal with this light crude oil, and have some problems with it. To be efficient, we need to build more new refineries specifically designed to refine this shale oil. The yield of gasoline and diesel per barrel of shale oil is very high. One small refinery in North Dakota is able to make 1/3 of a barrel of diesel fuel from a barrel of Bakken crude oil. That is high quality oil, a very high yield of fuel. We should use our good, high grade crude oil, and stay away from the Communist Venezuelan dictator's crappy, sludgy crude.
5 people like this.

Reply 3 - Posted by: RubiconDan 12/6/2023 11:47:52 AM (No. 1611713)
Well, we can be sure of one thing. Whatever is the wrong decision, Biden will make it. He has consistently been wrong with EVERY decision in his 50 years in government. He also is an abject coward and has never stood up to any foreign bully.
3 people like this.

Reply 4 - Posted by: billa57 12/6/2023 12:59:03 PM (No. 1611785)
Democrats love that country. And their voting systems.
0 people like this.

Reply 5 - Posted by: enemyofthestate 12/6/2023 2:21:11 PM (No. 1611872)
It will be interesting to see how Britain, the former colonial power, and the British Commonwealth of Nations, of which Guyana is a member, respond to this.
0 people like this.

Reply 6 - Posted by: mifla 12/7/2023 6:01:48 AM (No. 1612188)
Our enemies know that Biden is not going to be around much longer. Now is the time to take what you want. Heads up, Taiwan.
0 people like this.

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