To: Alas Babylon!
Much of Venezuelas oil is highly sulfurous and needs a lot of extra processing and controls before it is refined into various products. In other words, they may have lots of oil (not nearly as much as Hugos bald face lie), but it is crap.
Citco - Cheap Insolvents Take Ghetto OilAh, so that's it.
I recall hearing that the Saudi petroleum was a better grade of crude. We lived in the KSA for five years and I learned a lot about the "awl bidness" but that was decades ago.
To: cloudmountain
In contrast, Texas light sweet crude is essentially a mix of kerosine and natural gasoline right out of the ground. Very little refining needed.
77 posted on
06/22/2014 9:04:49 AM PDT by
TheThirdRuffian
(RINOS like Romney, McCain, Christie are sure losers. No more!)
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