Posted on 05/19/2017 7:54:45 PM PDT by artichokegrower
Too bad the Venezuelans can’t eat it.
Sounds like a Multivitamin.
You are very right. According to Energy Information Administration, EIA, the largest number of refineries in the United States can process light, sweet crude oils, while only the small fraction of refineries that have extensive desulfurization and bottoms-conversion units can use heavy, high sulfur crude oils such as that produced in Venezuela. Refineries that normally run intermediate sour crude oil could run a small quantity of heavy sour crude if they could blend it with light sweet crude oil, but if light sweet crude oil is in short supply, then that option is not available.
https://www.eia.gov/pub/oil_gas/petroleum/feature_articles/2003/venezuelan/vzimpacts.htm
And the article mentions that Venezuela can be placed in a real problem if another strike happens. They, apparently, lost around 3 million barrels a day at the last major strike in December 2002. So naturally it could be assumed that a cut back or halt to their production by our lessening demand could be punishing to them. This is why we can bring the hammer down on them so easily and why drilling in the Alaska north and the completion of the Keystone is so important.
We could really help ourselves with not depending on Venezuela for anything as they are a strong ally with Russia and have had Ruskie nuclear technicians working in there since around 2008. Does the name Cuba right a bell?
rwood
To my knowledge, there never has been any connection. Valero Energy Corporation is a Fortune 500 international manufacturer and a marketer of transportation fuels, other petrochemical products, and power.
It is headquartered in San Antonio, Texas, United States.The company owns and operates 16 refineries throughout the United States, Canada, United Kingdom, and the Caribbean with a combined throughput capacity of approximately 3 million barrels (480,000 m3) per day, 11 ethanol plants with a combined production capacity of 1.2 billion US gallons (4,500,000 m3) per year, and a 50-megawatt wind farm.
Before the 2013 spinoff of CST Brands, Corner Stone which is still a large company in itself, Valero was one of the United States’ largest retail operators with approximately 6,800 retail and branded wholesale outlets in the United States, Canada, United Kingdom, and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco brands.
rwood
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