Barfed during boot up and now I have circle ?
About all I can do is take it in for support.
Argh!
Warning — don’t upgrade.
— 30 —
Barfed during boot up and now I have circle ?
About all I can do is take it in for support.
Argh!
Warning — don’t upgrade.
— 30 —
https://internationalman.com/articles/venezuelas-oil-fantasy-meets-physical-reality/
Venezuela’s Oil Fantasy Meets Physical Reality
by Chris MacIntosh
My friend Tracy Schuchart makes the point well:
“Canada exports 4.3M bpd to the US. Venezuela’s entire production is 23% of what Canada already ships.
The rebuild timeline is a decade minimum, likely longer. Rice University’s Monaldi says at least 10 years and $100+ billion in investment to get back to 4 million bpd. PDVSA itself says $58 billion just for pipelines that haven’t been updated in 50 years. That’s before you drill a single new well.
Here’s the part markets are missing: Trump doesn’t control the oil. The VP who hates the US is in charge. No stable pro-Western government means no foreign investment. Nobody’s pouring $100 billion into a country run by someone hostile to them. The whole supply increase story requires political stability that doesn’t exist.
Canadian infrastructure is already built and connected. Alberta to US Gulf Coast and Midwest refineries through established pipelines. Those refineries are configured for Canadian heavy crude after decades of optimization.
Even if Venezuela eventually gets production up in the 2030s, it’s the same heavy sour crude Canada produces. More heavy crude globally just validates continued investment in heavy crude refining infrastructure, which benefits Canada.”
# – # – # – # – #
So all this posturing about “Venezuela’s Oil” is decades away from benefitting JoeSixPacK. So why are we even involved.
DJT47 is distracted from the real problems of the USA — debt, deficits, fraud, and the deep state.
I remember when James Carville and Bill Clinton papered the White House offices with: “It’s the ECONOMY, stupid”. And low and behold, with a Republican controlled House and Senate, the economy improved.
Maybe there’s a lesson for DJT47, politicians, and bureaucrats!
“ … … debt, deficits, fraud, and the deep state … … “
— 30 —