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re: How Long to Bring Venezuela's Oil Facilities and Infrastructure Back?
Posted on 1/4/26 at 11:31 pm to PurpleandGold Motown
Posted on 1/4/26 at 11:31 pm to PurpleandGold Motown
the full value of VZ crude in the US is blending it with West Texas and South Texas light crude to get full capacity out of US refineries
Marathon and Valero specifically Galveston, Garyville, Three Rivers, Bill Greehey in Corpus, Port Arthur and Texas City
ETC, Enterprise already have the pipelines set up for the light crude to the GC, the Gulf Coast has the docks for heavies from VZ
Canada’s oil exports to the US will feel the hit
during Covid Biden bought a bunch of VZ crude and it messed up the unloading facilities at Corpus, they sold us their tank bottoms and slop oil
HAL, SLB, NOVA will return and begin to modernize the infrastructure, Houston consultants are about to make serious bank
Marathon and Valero specifically Galveston, Garyville, Three Rivers, Bill Greehey in Corpus, Port Arthur and Texas City
ETC, Enterprise already have the pipelines set up for the light crude to the GC, the Gulf Coast has the docks for heavies from VZ
Canada’s oil exports to the US will feel the hit
during Covid Biden bought a bunch of VZ crude and it messed up the unloading facilities at Corpus, they sold us their tank bottoms and slop oil
HAL, SLB, NOVA will return and begin to modernize the infrastructure, Houston consultants are about to make serious bank
This post was edited on 1/4/26 at 11:31 pm
0
Posted on 1/5/26 at 5:43 am to PurpleandGold Motown
quote:
I thought the Gulf Coast refineries were purpose built to process sour crude for diesel and other products? Haven't the been running at reduced efficiency since they stopped getting crude from Venezuela?
I’m obviously ignorant here, but if this is one of the largest oil reserves in the world why would they not build their own refineries? Would that not be better than transporting the crude to the U.S.? Then they could sell it directly to South America? Logistically that makes sense to me, but I know there’s a lot more to it than that?
I didn’t realize they had been letting their infrastructure fall apart. Amazingly communist. Take something that made tons of money no matter the government and let it go to shite.
Posted on 1/5/26 at 6:11 am to fightin tigers
Aren't we getting more than enough out of Canada right now?
Posted on 1/5/26 at 7:00 am to fightin tigers
quote:
Reality is that the market is already set and those who can aleady take their oil are taking it.
I’ve read that China has been taking 75% of Venezuela’s exports.
If the US puts a stop to that, who does the US allow to receive that volume?
Someone correct me if I’m wrong, but isn’t Texas and Louisiana the most likely to receive it?
Posted on 1/5/26 at 7:50 am to Willie Stroker
quote:
I’ve read that China has been taking 75% of Venezuela’s exports.
If the US puts a stop to that, who does the US allow to receive that volume?
Maybe still China?
quote:
Asked at his Saturday press conference about U.S. relations with China, Russia and Iran after the U.S. military action in Venezuela, where all three countries have interests, Trump appeared to primarily address Beijing. “In terms of other countries that want oil, we’re in the oil business. We’re going to sell it to them,” Trump said.
China is the ultimate buyer of most Venezuela oil exports, whereas Russia and Iran are crude producers themselves. Trump said that after removing Nicolás Maduro as Venezuela’s leader, the U.S. will rebuild the country’s oil infrastructure and “we’ll be selling oil probably in much larger doses.”
LINK
Posted on 1/5/26 at 7:54 am to DiamondDog
quote:
I'm almost positive this is what Citgo refines in Lake Charles. Place looks like almost black and a rust bucket.
infrastructure at citgo has gotten better but you have to remember it is an original WW2 era refinery.
and they are only a venezuelan company for like 2-3 more months until the sale is finished
Posted on 1/5/26 at 8:11 am to Willie Stroker
In terms of overall Chinese needs it's maybe 4%
Posted on 1/5/26 at 11:51 am to TigerReich
quote:
Help me understand why gas is more expensive today than it was 10 years ago at $90/barrel?
There are other costs that go into making gasoline than the price of the oil
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