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NJCher

(42,522 posts)
1. get your facts straight
Mon Jan 5, 2026, 10:43 PM
Monday
Venezuela has more oil than Saudi Arabia. The heavy Venezuela oil is just the type of oil that US refineries along the Gulf coast are set up to refine.

They only have 2% more oil and it's an irrelevant point because it's such crummy oil that it would cost too much to get it in the form that they could export it.

See the chart at this link. It is from Oil & Gas Journal.

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