David Mayhood
Just curious how long Canada’s Tar Sands are going to last against the US theft of Venezuela’s heavy oil. I suspect the US will simply use the stolen oil to replace imported heavy oil from Canada. Ideas?
#Canada #TarSands #Venezuela #HeavyOil
Jan 3 at 7:47pmWeb
Show threadAmgineJan 3

@dmayhood

The USA already imported most of Venezuela's production. The US's refineries are mostly set up for heavy oil, the primary production in North America, while light, sweet is exported.

Koch will, of course, use this to demand lower prices from his subsidiaries in Alberta.

It's a game. He owns all portions of his industry - extraction, shipping, processing, retail. As do most of the major oil groups.