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A Gift From Venezuela - Strategic Reserves

Posted on 8/30/26 at 10:21 am
Posted by BoarEd
The Hills
Member since Oct 2015
45880 posts
Posted on 8/30/26 at 10:21 am




Posted by ItTakesAThief
Scottsdale, Arizona
Member since Dec 2009
11009 posts
Posted on 8/30/26 at 10:24 am to
I thought we kept mostly sweet crude there.

Not that heavy crude from Venezuela.
Posted by lsuconnman
Baton rouge
Member since Feb 2007
5868 posts
Posted on 8/30/26 at 10:24 am to
Nobody will admit it. But, the only way to deal with the national debt is to demand gifts from other nations.
Posted by BoarEd
The Hills
Member since Oct 2015
45880 posts
Posted on 8/30/26 at 10:35 am to
quote:

I thought we kept mostly sweet crude there.

Not that heavy crude from Venezuela.


Sounds like we are going to top off our reserves with Venezuelan oil.
Posted by AvidLSUfan
Baton Rouge
Member since Nov 2015
933 posts
Posted on 8/30/26 at 11:03 am to
What exactly is the difference in the two & how is one better or worse than the other? Can they be mixed - these questions are for all those LSU petroleum engineers out there!
Posted by TheOtherWhiteMeat
Fort Smith
Member since Nov 2009
20803 posts
Posted on 8/30/26 at 11:17 am to
Sour crude has a higher sulfur content than sweet. Sour crude is more difficult to refine and as such more expensive to refine. Sweet crude is more expensive to purchase because it's easier to refine.

Yes, they can be mixed, and often are to adjust sulfur content.

ETA my source: LINK
This post was edited on 8/30/26 at 11:22 am
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
45023 posts
Posted on 8/30/26 at 11:18 am to
quote:

Spoils of War From Venezuela



FIFY.
Posted by BoarEd
The Hills
Member since Oct 2015
45880 posts
Posted on 8/30/26 at 11:24 am to
Some war. It lasted about 30 minutes.
Posted by Timeoday
Easter Island
Member since Aug 2020
27928 posts
Posted on 8/30/26 at 11:27 am to
quote:

Nobody will admit it. But, the only way to deal with the national debt is to demand gifts from other nations.


Well, balance sheets are really what it is all about. Now, when an extremely formidable military, economic, and technological power is involved, balance sheets are just a formality.
Posted by armytiger96
Member since Sep 2007
3339 posts
Posted on 8/30/26 at 11:28 am to
quote:

Sour crude has a higher sulfur content than sweet. Sour crude is more difficult to refine and as such more expensive to refine. Sweet crude is more expensive to purchase because it's easier to refine. Yes, they can be mixed, and often are to adjust sulfur content. ETA my source: LINK


All true but he left out that 70% of the US's refining capacity is designed for sour crude.
Posted by Uatu
The Dark Side of the Moon
Member since May 2022
762 posts
Posted on 8/30/26 at 11:54 am to
quote:

All true but he left out that 70% of the US's refining capacity is designed for sour crude.


Most of the Gulf refineries are designed for sour crude. There’s a reason why American light is called WEST Texas sweet crude.

Posted by TJG210
New Orleans
Member since Aug 2006
29541 posts
Posted on 8/30/26 at 12:02 pm to
Still won’t do shite for prices…..most refineries are already running well above nameplate capacity.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
101627 posts
Posted on 8/30/26 at 12:06 pm to
But Burt Reynolds said we were a week away from having none
Posted by captainFid
Never apologize to barbarism
Member since Dec 2014
11983 posts
Posted on 8/30/26 at 12:24 pm to
quote:

Nobody will admit it. But, the only way to deal with the national debt is to demand gifts from other nations.

I'll admit it. But I still want to see some fiscal restraint from our politicians. They act like my family member who tries to continue eating the same diet, despite being on GLP-1
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
101627 posts
Posted on 8/30/26 at 12:25 pm to
quote:


FIFY.


Did that 20min war ans the spoils we got from it really upset you?

You liberal.men are the worst ever
Posted by j1897
Member since Nov 2011
5246 posts
Posted on 8/30/26 at 12:27 pm to
Liar, he's been emptying it faster than joe.


You boomers need to get his balls out of your mouth.
Posted by TiderNAL
Member since Nov 2010
8104 posts
Posted on 8/30/26 at 12:28 pm to
Meanwhile, gas just went up another $.15 this morning where I live.
Posted by TJG210
New Orleans
Member since Aug 2006
29541 posts
Posted on 8/30/26 at 12:38 pm to
Exxon’s CEO on Venezuelan crude

LINK
Posted by wall2321
Member since May 2024
27 posts
Posted on 8/30/26 at 12:43 pm to
We are the best thieves, aren't we?
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
40084 posts
Posted on 8/30/26 at 1:04 pm to
Venezuela produces heavy crude, the type many Gulf Coast refineries were designed to process. Much U.S. production is lighter shale crude, while Gulf Coast refiners have historically relied on heavier imports from Canada, Mexico and Venezuela.
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