[roaddog727]

“You can’t eat oil. A 30 day total boycott of Venezuelan crude by the US would unseat him.

They can’t ship it elsewhere. All the refineries are booked via long-term contracts.”

One other point of consideration - The oil pumped out of Venezuela, is for all intents and purposes, sludge, and requires a particularly capability to refine it. That capability resides in the US. So, if we stop refining his oil, he’s really up the creek.

Hermano Hugo, Come Aciete y mierda.

[thackney]

The oil pumped out of Venezuela, is for all intents and purposes, sludge, and requires a particularly capability to refine it. That capability resides in the US.

Venezuela produces about 2.8 million barrels of oil per day. We import about 1.1 million barrels of that. They use about 0.6 million and the rest is imported to other countries that are already refining Venezuelan oil.

Top World Oil Producers, Exporters and Consumers
http://www.eia.doe.gov/emeu/cabs/topworldtables1_2.htm

U.S. Crude Oil Imports by Country of Origin
http://tonto.eia.doe.gov/dnav/pet/pet_move_impcus_a2_nus_epc0_im0_mbblpd_a.htm