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Venezuela Renews Threat to Cut Oil Exports to US, Says Us Market Not Vital
Forbes ^
| August 15, 2005
| AFX News Limited
Posted on 08/17/2005 6:02:34 AM PDT by minerboy
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1
posted on
08/17/2005 6:02:35 AM PDT
by
minerboy
To: minerboy
Well, if we didn't we probably do now.
2
posted on
08/17/2005 6:04:52 AM PDT
by
muawiyah
(/ hey coach do I gotta' put in that "/sarcasm " thing again?)
To: minerboy
If we intended to assasinate him, he would be yesterdays obituary instead of a barking chihuahua.
3
posted on
08/17/2005 6:05:14 AM PDT
by
BipolarBob
(Yes I backed over the vampire, but I swear I didn't see it in my rearview mirror.)
To: minerboy
"Chavez made the comments at a mock trial organised within the framework of a festival 'against imperialism and war'." So the DUmmies DO get their talking points from terrorists and dictators.
4
posted on
08/17/2005 6:05:48 AM PDT
by
varyouga
To: minerboy
Here's a just war we should be fighting.
Citgo, as many know, is the wholly owned fuel distributor owned by the Venezuelan Communist Government.
These Communists are also our #2 exporter of oil.
5
posted on
08/17/2005 6:08:38 AM PDT
by
ElCapusto
(For ENGLISH, press one.)
To: minerboy
He sounds like Cindy Sheehan or vice versa.
6
posted on
08/17/2005 6:11:32 AM PDT
by
Dallas59
(“You love life, while we love death.” - Al-Qaeda / Democratic Party)
To: minerboy
What attacks? Gezzz, where do these nuts all come from in this world?
If this guy wants to accuse the US of attacking him, then we may as well make his dream come true. Is he related to that fat boy in N.Korea?
To: Nathan Zachary
By marriage only.
8
posted on
08/17/2005 6:18:09 AM PDT
by
Dallas59
(“You love life, while we love death.” - Al-Qaeda / Democratic Party)
To: minerboy
This guy is an ignorant nutbag.
Crude oil is relatively fungible across world markets. Whatever oil he sells elsewhere simply displaces other oil that becomes available to us.
The only thing he hurts is market efficiency, but as a Socialist he has no idea what that is. I guarantee that as he destroys market efficiency in Venezuela no amount of oil revenue will make up for the poverty and ruin in his wake.
To: John Valentine
Crude oil is relatively fungibleWell said
To: John Valentine
Crude oil is relatively fungible across world markets. Whatever oil he sells elsewhere simply displaces other oil that becomes available to us. You, sir, get it.
11
posted on
08/17/2005 6:34:30 AM PDT
by
Smokin' Joe
(God save us from the fury of the do-gooders!)
To: Smokin' Joe
It will go to the highest bidder with worldwide demand outstripping supply.
12
posted on
08/17/2005 6:47:07 AM PDT
by
Humvee
To: Humvee
13
posted on
08/17/2005 6:57:20 AM PDT
by
Smokin' Joe
(God save us from the fury of the do-gooders!)
To: minerboy
It won't matter if they do. Its a world market for oil, so if they push their bbls toward Europe or via the Canal to China, it'll just bump bbls out of the Europe or Asia market to somewhere else.
Chavez will have to take less for his oil if he follows through. Freight to the US is the cheapest he's got.
To: Eric in the Ozarks
Not only that, Venezuelan crude is heavy (full of sulphur). Not every refinery can process it, so it won't be suitable for just anyone. I saw here a couple of weeks ago that the power outages in Cuba were caused by processing the subsidized (free) Venezeulan crude through Cuban facilities that just weren't tooled to handle it.
The main reason PDVSA bought Citgo in the first place was that Citgo's refineries here in the US could process the heavy crude and it gave Venezuela a ready customer for their output. I guess they are going to cut off their own refineries in the US?
To: RedWhiteBlue
There is a lot of air in Hugo's threat. You are correct about the Venz sulfur content but their crude oil is the source for the world's best asphalt for shingles (and for which they could set their own price, an industry from which they've mostly withdrawn from. Their stupidity simply amazes me.
To: minerboy
This is part of the reason we tolerate Mexicans illegal aliens and bend over for Vicente Fox. We need Mexican oil
17
posted on
08/17/2005 8:15:48 AM PDT
by
dennisw
(G_D : Against Amelek for all generations)
To: John Valentine
Crude oil is relatively fungible across world markets. Whatever oil he sells elsewhere simply displaces other oil that becomes available to us.
Then how come the ChiComs have locked up Venezuelan and Iranian oil in long term agreements. Trade deals. Arms for crude deals.
Answer:
Oil isn't as fungible as you think. In a dramatic oil supply squeeze you will find it's fungibility dropping
18
posted on
08/17/2005 8:19:32 AM PDT
by
dennisw
(G_D : Against Amelek for all generations)
To: dennisw
You're mixing up two different things, dennis. An oil squeeze has nothing to do with the fungibility of oil, which is demonstrably true.
19
posted on
08/17/2005 8:46:30 AM PDT
by
beckett
To: beckett
If oil is so fungible, in all times, all places, then how come the Chinese are busy signing ,long term oil supply contacts with our enemies and taking actions in other countries to tie up their future oil supplies? Maybe they know something you don't?
20
posted on
08/17/2005 8:51:46 AM PDT
by
dennisw
(G_D : Against Amelek for all generations)
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