So if it’s drill baby drill, does that mean better relations with Venezuela to ensure sufficient heavy crude to blend for refinery requirements? How does that work out? 🤔
#oil #energy
Discussion
Venezuela drove out the private companies who could raise production levels.
Of course. And the people. I have worked with many all around the world and also worked onsite in Venezuela and had a couple of interesting experiences of working somewhere where one’s presence is definitely not desired and made EXTREMELY clear. Doesn’t change the fact that much of the unconventional oil production is a very light crude and that, unless many big upgrades have been made, it requires blending with heavier crudes for processing.
The potential geopolitical implications of a desire for increasing production are rather interesting.
I think it means better relations with Alaska.
Is the Alaskan crude heavy enough? It’s a good point. Large conventional reserves.
I don't know anything about types of pertroleum and locations.
I'm just seeing Trump's goal to bring everything in-house, and less reliant on foreign sources.
I get it. It’s just a little detail. It’s interesting to see flows of crude as it’s all dependent on what crude a refinery can actually handle. Not all refineries are the same and they can’t handle the same types. It’s more complex than just drilling
