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Started By
Message
re: Venezuelan Deal Numbers
Posted on 8/29/26 at 10:25 pm to SlidellCajun
Posted on 8/29/26 at 10:25 pm to SlidellCajun
What are you waiting for exactly?
1
Posted on 8/29/26 at 10:31 pm to BoarEd
Tell us how importing more foreign oil makes us energy independent
Posted on 8/29/26 at 10:32 pm to SlidellCajun
quote:
Tell us how importing more foreign oil makes us energy independent
I didn't say it did, did I?
Posted on 8/29/26 at 10:40 pm to BoarEd
Yes
You posted a childish meme asking if I was stupid or something
Show us how you’re smart
You posted a childish meme asking if I was stupid or something
Show us how you’re smart
Posted on 8/29/26 at 10:47 pm to BoarEd
Great deal, only 7 more deals like that and we can pay off the national debt??
Posted on 8/29/26 at 10:49 pm to SlidellCajun
quote:
Yes
No I didn't. You asked a stupid question. Hence the gif.
You asked, "soooo. Are we no longer energy independent?"
The reason this is stupid is because we are already importing and refining 637,000 barrels of Venezuelan oil per day. So there is no "no longer" in the equation. We are already doing this.
My question to you would be, "would you rather be energy independent or energy dominant?" Because what we are shooting for and what I personally want to see is energy dominance.
Posted on 8/29/26 at 10:52 pm to BoarEd
quote:
Venezuelan oil per day. So there is no "no longer" in the equation. We are already doing this.
Trumps the one that said he made us energy independent . You just didn’t catch the irony.
By Importing oil from Venezuelan it appears we are not energy independent.
Posted on 8/29/26 at 10:55 pm to SlidellCajun
There's your question. The answer to your question is that we are already doing this. This isn't a new thing. We are expanding an existing operation. So I ask again:
Posted on 8/29/26 at 11:00 pm to BoarEd
They aren't smart enough to understand the concept of energy dominant.
Posted on 8/29/26 at 11:01 pm to bamarep
It's the difference between war and peace.
Posted on 8/29/26 at 11:19 pm to SlidellCajun
You really need to read up on It.
The core upside of the U.S.-Venezuela oil deal is that it grants the United States majority control over 65 billion barrels of proven oil reserves, effectively doubling America's oil security at no cost to U.S. taxpayers.
It'll help SPR and help with military.
Venezuelan oil is the kind that US Gulf Coast refineries were built to refine. Those are Chevron’s Pascagoula plant in Mississippi, Valero’s Port Arthur, Corpus Christi and St. Charles facilities, Phillips 66’s Sweeny and Lake Charles, Marathon’s Galveston Bay and Garyville, ExxonMobil’s Beaumont, Baytown and Baton Rouge, Motiva’s Port Arthur, and Citgo’s Lake Charles and Corpus Christi plants.
So there's potentially more good oaying jobs for those refineries.
Side note: the shadow fleet Russian bullshite would stop. Also puts more control over Chinas stakes there.
Rubio has been big on Western Hemisphere independence. .
There's a ton of good here.
The core upside of the U.S.-Venezuela oil deal is that it grants the United States majority control over 65 billion barrels of proven oil reserves, effectively doubling America's oil security at no cost to U.S. taxpayers.
It'll help SPR and help with military.
Venezuelan oil is the kind that US Gulf Coast refineries were built to refine. Those are Chevron’s Pascagoula plant in Mississippi, Valero’s Port Arthur, Corpus Christi and St. Charles facilities, Phillips 66’s Sweeny and Lake Charles, Marathon’s Galveston Bay and Garyville, ExxonMobil’s Beaumont, Baytown and Baton Rouge, Motiva’s Port Arthur, and Citgo’s Lake Charles and Corpus Christi plants.
So there's potentially more good oaying jobs for those refineries.
Side note: the shadow fleet Russian bullshite would stop. Also puts more control over Chinas stakes there.
Rubio has been big on Western Hemisphere independence. .
There's a ton of good here.
Posted on 8/30/26 at 6:06 am to BoarEd
Chevron never left, they are making about half a billion in Venezuela annually right now.
Oil production in Venezuela has grown 300K barrels per day, or 30%, in just the last 7 months.
Its a good deal. The oil companies in Guyana split the development costs with the country, once it is paid down the split was 50/50 so this is a little better deal.
What does Venezuela get? Someone miss the part where they get 45% of the profits?
Oil production in Venezuela has grown 300K barrels per day, or 30%, in just the last 7 months.
Its a good deal. The oil companies in Guyana split the development costs with the country, once it is paid down the split was 50/50 so this is a little better deal.
What does Venezuela get? Someone miss the part where they get 45% of the profits?
Posted on 8/30/26 at 6:24 am to BoarEd
quote:
Well, right off the top it looks like they're making over 200 billion on the deal in tax revenue plus another 100 billion in infrastructure investment.
And that is peanuts compared to the 45% of production they will get.
Posted on 8/30/26 at 8:34 am to BoarEd
quote:
The answer to your question is that we are already doing this
No we’re not.
Posted on 8/30/26 at 9:31 am to SlidellCajun
Slidell,
You are looking more stupid the more you post.
Chevron already owns the wells in a JV with the country and is exporting that oil to the US, US oil being exported back to the US to be refined.
Once again US oil being exported back to the US to be refined.
Your argument is that ANY US company with a factory abroad is not actually producing goods owned by that US company. Its a ridiculous argument so stop it.
You are looking more stupid the more you post.
Chevron already owns the wells in a JV with the country and is exporting that oil to the US, US oil being exported back to the US to be refined.
Once again US oil being exported back to the US to be refined.
Your argument is that ANY US company with a factory abroad is not actually producing goods owned by that US company. Its a ridiculous argument so stop it.
Posted on 8/30/26 at 9:33 am to BoarEd
Again, cant wait to see how the DEMS twist the truth on this great deal!
If TRUMP did it, it is bad.....these people are insufferable!
If TRUMP did it, it is bad.....these people are insufferable!
Posted on 8/30/26 at 9:35 am to trinidadtiger
Are we energy independent?
Posted on 8/30/26 at 9:48 am to trinidadtiger
quote:
Its a good deal. The oil companies in Guyana split the development costs with the country, once it is paid down the split was 50/50 so this is a little better deal.
The major companies put their concerns out publicly during that Oval Office meeting with the executives. Chevron was there and as you mentioned talked about being able to ramp up pretty quick and they have.
Exxon talked about how they did the Venezuela thing in the past and it bit them, and a few other companies hinted at something similar. Deal structure would matter.
The deal should remove many of the barriers to entry for the major US multinational companies as well as other major players to enter the country with less risk than before. And that is the key to getting that country up and running and the oil flowing onto the market.
Long way to go before any major investment can begin but we are closer now than we were 6 months ago.
Posted on 8/30/26 at 2:03 pm to BoarEd
Venezuelan is sold at Brent -$9. 10 refineries in TX, LA and MS can use it, no others. They are already supplied
It cannot go into the SPR. It doesn't meet SPR specs and needs o be kept at 125-130 deg to be pumpable.
It cannot go into the SPR. It doesn't meet SPR specs and needs o be kept at 125-130 deg to be pumpable.
Posted on 8/30/26 at 2:10 pm to CitizenK
Good post. That’s what I wondered about SPR.
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