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Response to 2naSalit (Reply #31)

Sat Feb 3, 2018, 11:21 AM

33. The vast majority of Venezuelan oil is heavy sour

 

Thicker than molasses and full of impurities that need to be refined out. The only thing more troublesome to lift is tar sand.

The US and Canada have plenty of shitty oil. They don't need Venezuela's shitty oil. Going into Venezuela for oil is illogical.

Or do you know something about lift costs associated with Venezuela oil that the rest of the world doesn't?

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