Immortals
Elite Member
Not sure how much time it will take this historic oil deal to materialize and this oil afloat worlds market... SOH will be irrelevant for US in future, Iran is running out of time..
Venezuela’s oil is a heavy sludge that is costly to extract and refine than other grades of oil. The U.S. is one of the few countries that have set up refineries for that particular grade.
Anyway it will take years if not decades to get major expansion of Venezuela’s oil fields. It’s not as easy as sticking a straw into the ground and sucking it up.
He’s just desperately trying to make it seem like he has prices coming down in food, energy, and cost of living before the mid terms.



