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01-23-2026, 09:37 AM
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#76
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Premium Access
Join Date: Jan 31, 2010
Location: TX
Posts: 1,899
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Glad we're not planning on spending tax money on this, but it's another dissuasion for US oil companies to 'invest' in Venezuela
Energy Secretary Chris Wright
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“We are not going to get involved in providing on-the-ground security for people in Venezuela”
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01-23-2026, 09:56 AM
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#77
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Premium Access
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 63,965
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At the end of the day, Trump-tilda will have forgotten Venezuela, if he hasn’t already.
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01-23-2026, 02:02 PM
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#78
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Join Date: Jan 31, 2010
Location: TX
Posts: 1,899
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Ship tracking data showed a tanker chartered by Vitol reaching Venezuelan waters with the first naphtha cargo tied to a new oil deal between Washington and Caracas.
Who's paying for the naptha?
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01-23-2026, 02:06 PM
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#79
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Valued Poster
Join Date: Apr 29, 2013
Location: Milky Way
Posts: 11,381
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Naphtha is a flammable liquid hydrocarbon mixture from petroleum distillation, used as a solvent, thinner for paints, fuel, and a feedstock for gasoline and plastics, known for its volatility and strong odor, with common forms including mineral spirits (a related solvent) and the laundry bar soap Fels-Naptha. It's a versatile chemical derived from crude oil, natural gas, or coal tar, with various industrial and household applications.
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For us in other industries.
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01-23-2026, 05:21 PM
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#80
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Join Date: Jan 31, 2010
Location: TX
Posts: 1,899
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Venezuelan oil is closer to asphalt than oil...
Naptha must be mixed with the oil as a 'diluent' to be able to make the oil move thru pipelines from the well to storage and from storage to tankers.
Venezuela previously got most naptha from Russia...but that ain't happening now.
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01-26-2026, 07:32 AM
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#81
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Join Date: Jan 31, 2010
Location: TX
Posts: 1,899
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Oopsie...something new for Trump/Rubio etc. to deal with?
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Venezuela’s acting president Delcy Rodríguez said Sunday she has had “enough” of Washington’s orders, as she works to unite the country after the US capture of its former leader Nicolás Maduro.
“Enough already of Washington’s orders over politicians in Venezuela,” she told a group of oil workers in Puerto La Cruz city, at an event broadcast by state-run channel Venezolana de Televisión.
“Let Venezuelan politics resolve our differences and our internal conflicts. This Republic has paid a very high price for having to confront the consequences of fascism and extremism in our country.”
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https://news.yahoo.com/articles/vene...071716428.html
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01-27-2026, 05:42 AM
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#82
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Premium Access
Join Date: Jan 31, 2010
Location: TX
Posts: 1,899
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Are Venezuela's oil reserves overstated?
300 billion barrels or 29 billion barrels?
It may depend upon one's definition rather than actual barrels in the ground.
https://oilprice.com/Energy/Crude-Oi...coverable.html
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Venezuela's official figure of over 300 billion barrels of proven oil reserves is mostly a statistical reclassification of extra-heavy crude from the Orinoco Belt, driven by high oil prices and changing reserve definitions, rather than new discoveries.
The Orinoco crude is closer to Canadian oil sands and is expensive and complex to extract, requiring upgrading infrastructure, leading independent estimates to place the economically recoverable oil at roughly 29 billion barrels.
Between 2005 and 2011, Venezuela’s reported reserves nearly quadrupled—from under 80 billion barrels to nearly 300 billion—without a corresponding surge in discoveries or production. The transformation was largely statistical, not physical.
By 2008, crude prices were approaching $140 per barrel. As oil prices rose, projects that had once been marginal suddenly appeared economic—at least on paper.
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At current prices (and even more so at Trump's desired prices) in the $40/bbl range much of Venezuela's oil changes from reserve to resource. The difference?
A barrel of oil only qualifies as a proven reserve if it can be economically recovered at prevailing oil prices using existing technology.
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01-27-2026, 09:49 AM
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#83
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Premium Access
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 63,965
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Seems like someone in DC with tiny hands and a Microsoft Dick was jerking off again.
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01-28-2026, 06:53 AM
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#84
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Premium Access
Join Date: Jan 31, 2010
Location: TX
Posts: 1,899
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per U.S. Secretary of State/Acting National Security Advisor/Acting Archivist of the United States/Acting Administrator for USAID Marco Rubio's prepared remarks for his appearance before the Senate today.
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"There are no U.S. troops on the ground. This was an operation to aid law enforcement,"
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But
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"We will closely monitor the performance of the interim authorities as they cooperate with our stage-based plan to restore stability to Venezuela. Make no mistake, as the President has stated, we are prepared to use force to ensure maximum cooperation if other methods fail.
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02-01-2026, 12:31 PM
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#85
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Join Date: Jan 31, 2010
Location: TX
Posts: 1,899
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U.S. Big Oil giants Exxon Mobil and Chevron said Jan. 30 they have no plans to increase their capital spending in Venezuela this year while they wait and see how legal and political reforms unfold to make the country more inviting to foreign oil investments.
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02-01-2026, 02:06 PM
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#86
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Premium Access
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 63,965
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So Trump-tilda was lying ?
Nah…say it isn’t so.
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Yesterday, 02:53 PM
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#87
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Premium Access
Join Date: Jan 31, 2010
Location: TX
Posts: 1,899
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Will Trump attempt to violate TWO constitutions?
Trump has said his administration would run Venezuela until a "safe, proper and judicious transition" could take place.
Venezuela's constitution says the vice-president can remain in post for up to 180 days, but that if the president's absence is deemed "permanent", elections must be called within 30 days.
Delcy Rodríguez was formally sworn in as Venezuela's interim president on January 5, 2026.
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Yesterday, 06:07 PM
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#88
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Premium Access
Join Date: Jan 3, 2010
Location: Clarksville
Posts: 63,965
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I think he'll succeed in violating TWO more constitutions.
At least.
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