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To: TChris

Mr. Lugar should recall we're in a world market for crude oil. If Chavez pulls Venezulean crude from the US market, crude from another supply point will be backed out of the market.


12 posted on 07/24/2006 10:14:44 AM PDT by Eric in the Ozarks (BTUs are my Beat.)
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To: Eric in the Ozarks
Mr. Lugar should recall we're in a world market for crude oil. If Chavez pulls Venezulean crude from the US market, crude from another supply point will be backed out of the market.

The only way Venezuela could keep their oil away from the US would be to not export to anyone. If you look at a map, it is crazy for Chavez to try to sell his oil to China. Shanghai is 9,950 miles from Caracas via the great circle route that goes through the polar ice cap and the Arctic ocean. Actual feasible shipping routes would be at least 12,000 miles. Venezuela is on the wrong side of the Panama canal.


This map shows distances 10,000 and longer from Caracas, Venezuela shaded.

26 posted on 07/24/2006 10:31:13 AM PDT by Paleo Conservative
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