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re: First 1M Barrels of Venezuelan Tribute Oil Arrives in Texas
Posted on 10/29/26 at 5:56 am to dstone12
Posted on 10/29/26 at 5:56 am to dstone12
As we get more things like this, sustained tariff implementation, other nations begin paying and increasing production in the US, and root out the fraud that is probably 80% of the federal government spending - folks are going to realize that the dividend talk from Trump isn't just some kind of empty campaign promise.
The United States is the economic engine that drives the whole world and other nations will pay to ride in that slipstream.
The United States is the economic engine that drives the whole world and other nations will pay to ride in that slipstream.
Posted on 10/29/26 at 6:02 am to Ten Bears
quote:
which begs the question...which refinery gets the "free" oil?
Which begs the question, was the oil free?
Posted on 10/29/26 at 6:12 am to SlidellCajun
quote:
refineries that are already at top capacity
Indont understand how they remain at capacity, no shortsge of product, yet market price increases like it has become scarce.
Talk about a scam
Posted on 10/29/26 at 6:43 am to j1897
quote:
Which begs the question, was the oil free?
The US took an equity stake into a producer, called NABEP.
As part of the deal, the Trump admin negotiated that the first 20% of the oil they produce at cost, with no markup - $30/bbl
For this first shipment, they later agreed to make it free...upfront for the tribute. But they'll just add its true cost to the subsequent payments.
quote:
which begs the question...which refinery gets the "free" oil?
The government sells it to the likes of exxon and citgo.
Posted on 10/29/26 at 6:57 am to VoxDawg
Trump the benevolent.
Posted on 10/29/26 at 6:59 am to Rebel
At least we can all agree now the Maduro smash and grab was about energy and not narco terror.
Posted on 10/29/26 at 7:03 am to Bunk Moreland
quote:
At least we can all agree now the Maduro smash and grab was about energy and not narco terror.
Why must it be one or the other and not both?
Posted on 10/29/26 at 7:06 am to Warboo
because Bunk is a moron
Posted on 10/29/26 at 7:06 am to 3down10
quote:
These kinds of things aren't really a proper role for the federal government.
Providing some recompense to US oil companies which suffered loss when Chavez stole their oil production facilities isn't something the US government should be involved in???
Posted on 10/29/26 at 7:07 am to Bunk Moreland
quote:
At least we can all agree now the Maduro smash and grab was about energy and not narco terror.
Why not both?? I'm ok with that.
Posted on 10/29/26 at 7:09 am to j1897
quote:
Which begs the question, was the oil free?
It’s not free
We removed the president who was controlling a country that owns its own oil supply Petroleas de Venezuela. This is constitutionally required.
They get paid for the oil that is sold. Maybe it’s at a discount but we don’t know that.
Since we took out their president, it’s opened the doors to some involvement by private companies to come in and rehab their infrastructure- at a cost.
So companies like Exxon etal now havr long-term operating rights or preferential access over portions of the reserves.
This doesnt transfer ownership of the oil—petroleas de Venezuela retains ownership and regulatory authority under the constitution.
Exxon etal gets paid and so does the Venezuelan government.
Nothing is free.
Posted on 10/29/26 at 7:56 am to Bunk Moreland
You still believe Venezuela fisherman were out running crab pots in 500 thousand dollar cigarette boats?
Posted on 10/29/26 at 11:09 am to lake chuck fan
quote:
Providing some recompense to US oil companies which suffered loss when Chavez stole their oil production facilities isn't something the US government should be involved in???
That's right.
Learn some basic civics.
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