Venezuela oil 'may double Saudi Arabia'

BBC ^ | 07/14/2010 | Staff

[OldDeckHand]

A new US assessment of Venezuela's oil reserves could give the country double the supplies of Saudi Arabia.

[OldDeckHand]

Terrific, just what that lunatic needs - an endless supply of wealth to fund his army. It's Fidel Castro with means. Can you imagine?

[vpintheak]

Not to worry boys and girls. We are going all “renewable” resources from here on out come hell or high water!

[Wu]

Let’s invade Venezuela.

[Genoa]

Let's invade Venezuela.

Need regime change here first.

[US Navy Vet]

Venezuela’s oil is high sulpher crap that is very hard to refine.

[Uncle Miltie]

"And their blood shall flow red in the streets!"

[Cicero]

But who wants to bring more drilling rigs into Venezuela, when Hugo will simply confiscate them?

[existtoexcel]

Appears this old planet still has a lot of the stuff laying around. Drill baby, drill.

[Hoodat]

I call BS.

[bgill]

This is hugh hugo.

[DoughtyOne]

I’ll bet we have more oil reserves than we have been led to believe too. Shuuuuush. Don’t tell.

Chavez with an income stream? Not good.

[mvpel]

"Venezuela, that was some mean bush."

[lack-of-trust]

Since Hugo nationalized the oil biz, production has fallen every year.

Because Hugo has nationalized the oil biz, nobody is going to help him get it out of the ground. (maybee the chinese, but their cut will be bigger than the capitalist’s cut was)

The oil will stay underground until Hugo is underground.

[Eric in the Ozarks]

Much of the reserve is hard to extract and beyond Hugo’s means.

[Gator113]

LOL... I was thinking those exact words. AND declare it ours and plant our flag.

[CORedneck]

The Chavez regime needs to be terminated ! Time for a US friendly gov’t in Venezuela.

[dead]

Whose idea was it to put Venezuela on top of our oil?

[bitterohiogunclinger]

“Time for a US friendly gov’t in Venezuela.”

We could use a U.S. friendly government in the U.S. first.

[scannell]

High Sulfer hard to refine..........

And very much higher if pollutants (i.e. sulfur rain)

[scannell]

So much for the Peak Oil nonsense.............