WHAT IF
THE PRICE OF OIL IS BREAKING OUT . TRUMP IS HITTING THE IRGC IN THE STRAIT HARD…IT SEEMS HE IS NOT CONCERNED ABOUT GAS PRICES RE THE MIDTERMS
WHAT IF HIS MEETING WITH REFINERS AND OIL COMPANIES CONTAINS A “COOKIE” FOR THEM WRT VENEZUELAN OIL
REDUCE YOUR MARGINS TO ZERO TILL YEAR END AND YOU GET A BIG PIECE OF THE VENEZUELAN OIL MARKET
You are vastly overinflating the promise of Venezuelan oil.
Yes, they have enormous reserves.
But it will take years, maybe decades, to deliver that oil.
As it is, that oil has been known to be there for decades, even before Chavez.
It is NO QUICK FIX for current markets.
Venezuelan output is aggressively recovering, targeting nearly 600,000 bpd growth on the year to 1.3 million bpd in 2026.
The issuance of new operating licenses is set to further boost Venezuela’s output toward 1.5 million bpd by 2027, according to Kpler.
oilprice.com
For comparision, the largest crude tankers can hold nearly 4m barrels. Each.
MY POINT IS TRUMP CONTROLS WHO WILL GET THE LEASES ON THIS OIL AND WHICH REFINERS WILL GET THIS OIL WHICH IS HEAVY OIL EXACTLY WHAT THE GULF REFINERS NEED AND GET FROM CANADA …IF HE MAKES A DEAL FOR THOSE WHO COMPLY WITH HIS REQUEST TO LOWER GAS PUMP PRICES NOW FOR A FEW MONTHS ….AND THOSE WHO DO NOT….. GET LEFT BEHIND…I THINK THEY WILL TAKE IT
The White House publishes the details of the US-Venezuela oil deal:
Venezuela has granted North American Blue Energy Partners 100-year concessions for 17 oil fields.
? The 17 fields contain ~65 billion barrels of proven oil reserves
? The US government receives a 35% equity stake in NABEP’s parent company at “zero cost to taxpayers”
? The US receives the right to purchase 20% of all current and future production at production cost
? The US also receives the right of first refusal to purchase the remaining 80% of production
? The US government receives veto power over board appointments, while a majority of NABEP’s board must be US citizens
? NABEP plans to invest up to $100 billion into Venezuelan oil infrastructure to rapidly increase production
? Venezuela is expected to receive $200 billion in royalty and tax payments over the first 25 years
What does Venezuelan get for the35% equity stake???
The list includes a “plan” and an expectation – where the US controls all money flow.
THEY GET THEIR OIL FIELDS DEVELOPED ..100 BILLION INVESTED BY AMERICAN OIL INTERESTS
BUT YES AMERICA CONTROLS VENEZUELA …WHICH IS FAR BETTER THAN THE PRECIOUS ARRANGEMENT THEY HAD WHERE THE CARTELS CONTROLLED THEM BUT COULD NOT MAKE THEM PRODUCTIVE AND KEPT WHATEVER PROFITS THEY DID HAVE FOR THEMSELVES