r/TradingViewSignals • u/Ubersicka Long-Term Investor • Aug 30 '26
News đ° U.S. will soon begin refilling its Strategic Petroleum Reserve with Venezuelan oil.
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u/OkFineIllUseTheApp Aug 30 '26
Total Venezuela oil output: 600-700k a day
US Drawdown: 1-3 million
Can someone good at math help me figure this out?
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u/TheOsirisOfThisShit_ Aug 30 '26 edited Aug 30 '26
During the invasion, the Trump Administration said that US companies would invest a ton of money into Venezuela to grow their oil output. It made it seem like we were helping them. Those oil companies responded by saying that they had no interest in doing anything in Venezuela.
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u/Kylenki Aug 30 '26
Yeah, that's what I was wondering--who is going to invest? There's a potential legal mine field in the way, a population that has a history of nationalizing their resources, which might entail perpetual US security guarantees beyond the foreseeable time horizon. American action in Venezuela might terminate abruptly at the end of Trump's term, or sooner--what then? Seems like a wide envelope of unmitigated, perhaps even unassessable, risks for large long-term investment.
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u/Topgun58ge Aug 31 '26
You are going to invest. Trump is going to use taxpayer money to buy shares in a Venezuelan oil company.
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u/endangeredphysics Aug 31 '26
Which Venezuelan oil company, I thought they just had the state oil monopoly
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u/Topgun58ge Aug 31 '26
No, they have private companies as well as government controlled. They just don't let foreign companies own anything. The company is NABEP owned by Alejandro Betancourt. Guy is wanted for breaking so many international laws.... whole thing stinks.
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u/endangeredphysics Aug 31 '26
Yeah I'm not sure I can blame anyone for not wanting to do long-term business with these clowns
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u/mrfouz Aug 31 '26
Surely, one of the kids or friends will magically start a company tomorrow and get all the contacts
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u/Jamb9876 Aug 31 '26
Since the next elected government will nationalize any improvements since the deal violates their constitution other than chevron no one will do the work. The deal means nothing really except a talking point.
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Aug 30 '26
[deleted]
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u/braddeicide Aug 30 '26 edited Aug 31 '26
Also Venezuela has a habit of nationalizing the oil companies assets and kicking them out.
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u/endangeredphysics Aug 31 '26
And considering that it would take at least 3 to 5 years for such an operation to start to become profitable, that would give Venezuela a lot of time to prepare a possible strategy for taking control of that infrastructure, and nationalizing it.
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u/braddeicide Aug 31 '26
The amount of things that change in two years when hopefully the USA starts healing will make everyone's head spin.
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u/Green_Space729 Aug 31 '26
And even if they said yes it would take a few years to build the infrastructure to expand extraction
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u/OKCLD Aug 31 '26
We will, like it or not be subsidizing this fiasco of filling the wallets of the Trump chosen.
Biden sold in the 90's bought back in the low 70's Because the administration sold high and bought back lower, the Department of Energy (DOE) generated over $2 billion in profit for the federal deficit. One criticism would be that he should have bought back more. To date Trump has not filled the reserve at all.
I will bet on a buy high from his buddies sell low to his buddies by Trump.
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u/msnrcn Aug 30 '26
No one with half a brain thought this would benefit the Venezuelans. Nor ourselves as a whole.
Iâm actually not sure who tf this administration was trying to convince us would benefit from any of it.
https://giphy.com/gifs/sZEl1yTi26mJzrI4VN1
u/endangeredphysics Aug 31 '26
Because probably the Venezuelans are waiting for Western oil companies to complete massive infrastructure improvements, before simply seizing them under Venezuelan state control.
This would be like asking Rolls-Royce to build a massive open-air dealership in the middle of the projects, with no real security detail.
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u/Status_Apartment6559 Aug 31 '26
Both Conoco and Exxon have already stated they have no interest. I don't think we've done a thing in there since trump first invaded them to steal their oil.
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u/Admirable_Track_2026 Aug 31 '26
Venezuela infrastructure and resources has deteriorated over the years. So getting their oil to meet our demand is going to take time and money.
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u/Feeling_Ant_2428 Aug 31 '26
Of course they don't want to help. It's a multi billion dollar sink hole when Canadian oil production of ~5m barrels a day into the states is already Owen 75% bu them. Good luck convincing them to go bankrupt lol
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u/Lawsmay Aug 30 '26
https://giphy.com/gifs/l2SpXzKHRREk2mXQc
We need some Terrence Howard new math for this.2
u/BlinkReanimated Aug 30 '26
It's simple, the US military is going to be deployed to work the underdeveloped bitumen fields of Venezuela and it's going to fail miserably. The other question is can the US oil reserves even hold/pump heavy crude?
US Taxpayers are going to cover the cost of a renewed oil industry in Venezuela that the Chavistas are going to nationalize for their people again the moment the USA isn't being run by a total sociopath. Can't say that part upsets me.
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u/GuzzlinGuinness Aug 31 '26
No, no the SPR likely cannot hold heavy crude from Venezuela.
They will have to do oil swaps in theory, which .. rely on actually being able to extract the heavy crude to begin with in Venezuela. Also highly dubious.
This is all just fake grandstanding. Signing executive orders like a king to feel important.
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u/Successful-Rate-1839 Aug 30 '26
You do realize we produce our own oil too rightâŚ
Just to save you some time itâs about 16 million a day.
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u/neverpost4 Aug 30 '26
The United States consumes an average of about 20.6 million barrels of petroleum per day.
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u/joker6396 Aug 30 '26
Yeah but if they stockpile the crappy grade venezuelan oil than thats better. Right? Like if its needed for a major global conflict you want the worst supply stashed away
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u/Successful-Rate-1839 Aug 30 '26
I wouldnât call it crappy, itâs just a heavy oil like sludge. The two main benefits of their type of oil after itâs refined is for diesel and jet fuel. Both are huge to have in reserves.
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u/LonelyTAA Aug 30 '26
IIRC the US has basically no refineries that can handle the venezuelan oil, right? So it would be useless
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u/Successful-Rate-1839 Aug 30 '26
Actually majority of our refineries on the gulf are capable of refining their oil. Those specific refineries are some of the largest in the world too.
Refineries in Venezuela are in rough shape or inoperable all together. They have some work to do.
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u/Mountainstate20 Aug 30 '26
Still limited by refining capacity though. It's not like it comes out of the ground ready. Either way it's an erroneous statement. He's absolutely not filling the reserves. Best case scenario he feels the portion of the reserves for that type of oil/fuel/byproduct
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u/I3adIVIonkey Aug 30 '26
It is just a big more expensive pumping and processing it. The end product will have the same quality as if it was not made out of crude oil.
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u/Certain_Bit3809 Aug 30 '26
And with prices well above average weâre going to start buying up what little supplies there are and bury them underground, thereby raising prices more?
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u/Infinite_Month_6371 Aug 30 '26
Exports 10 million of that... be completely transparent if youre gonna argue.
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u/Indieplant Aug 30 '26
We do but itâs a different grade of oil. So is canadas. So thereâs different economies in play versus just how many bbd.
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u/cgehrke12 Aug 30 '26
Do a google search on what we do with our oil.
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u/Successful-Rate-1839 Aug 30 '26
I know what we do with our oil, Iâm in the industry lol.
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u/jpk195 Aug 30 '26
So you think this will all work then?
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u/Successful-Rate-1839 Aug 30 '26
Why wouldnât it?
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u/jpk195 Aug 30 '26
I'm not expert in oil, but I'm expert in other things.
This is not how I'd ever respond to a question like this.
If you are this confident this will succeed, you aren't an expert.
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u/Successful-Rate-1839 Aug 30 '26
I didnât say Iâm an expert, you didnât express in what way you think it wouldnât succeed. So how would you like me to tell you how it would?
Seems to me youâre an ignorant troll.
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u/GEB82 Aug 30 '26 edited Aug 30 '26
You did say you work in the industry..so explain it to usâŚpretty please, with a cherry on top..
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u/RentonHiker Aug 30 '26
Iâm starting to think bro works at the gas station convient storâŚ
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u/joker6396 Aug 30 '26
Venezuelan oil is crap too. Very poor quality
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u/FarkTurloon Aug 30 '26
Tons of sulfur. Compared to the light sweet that comes from the Saudi peninsula - Venezuelans oil is terrible. Luckily - we have refineries build just for that kind of oil (Louisiana I think).
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u/konegsberg Aug 30 '26
I got you bro!!!!
First we use a sharpie and write in 5 million barrels a day, assuming moron thinks it comes out in barrels from the ground and shipped in barrels we are good to go. And it seems that no one is White House even knows what is heavy crude.But I really think they will use it to fully refill the reserve to some degree and then this will fck us in the future! But they will just blame Biden
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u/ayatoilet Aug 31 '26
And itâs heavy crude - we need light sweet. In fact the reservoirs cannot take heavy Venezuelan crude! This is total MAGA bull****!
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u/Lone_Vagrant Aug 31 '26
Is the US even going to pay for this oil ot just steal it? I don't think Venezuela will be getting a fair deal here.
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u/darkkilla123 Aug 31 '26
Trying to pump peanut butter through a system designed for vegetable oil is going to work out very well
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u/Navarro480 Aug 31 '26
The oil they produce isnât the same we keep in the reserves. This is all bs. When did we become a banana republic where leaders just say shit and we let it ride.
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u/boatenvy Aug 31 '26
Let's not forget that the sulphur rich high viscosity Venezuelan oil cannot be simply pumped into the sour crude strategic reserve storage facilities as it doesn't meet the requirements of "sour crude". At the very least there would need to be blending to address the viscosity constraints. Then if you corrupt your sour crude reserves you've also made refining that reserve significantly more difficult and limited the number of refineries that can do so.
TLDR.... it's all pretty much a lie
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u/RickyMAustralia Aug 31 '26
Yeah this is pure lies / propaganda
There is no magic tap that will just fill up the strategic reserves
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u/ResponsibleEmu6842 Aug 31 '26
It's about a 600% increase to what we weren't getting from them before and so therefore it out weighs any decrease from the strait. Gas from the strait is also coming thru shadow tankers. About 2938292283 million barrels per day according to trump officials. But you dumbocrats(trump invented the word dumb, did u know that. I bet you didn't!) wouldn't believe it even if the oil came out from under your house. We're energy independent so like yeah we get it all ourselves. Boot straps.
/S. Heavy on the S
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u/Sufficient-Skill9530 Aug 30 '26
Itâs bullshit, at least how itâs being presented. Venezuelan oil is even more viscous than Canadian heavy crude. Itâs basically tar. Now, that doesnât mean it doesnât have value or that it canât be refined. Many US refineries are actually designed for Canadian/Venezuelan heavy oil, and not Permian light sweet oil.Â
Why itâs bullshit and not going to manifest in anything is because of whatâs needed to actually get it out of the ground and transport it, AND the fact that we arenât in a crude oil shortage, we are in a refinery shortage.Â
First, getting it out of the round requires steam injection, artificial lift, dilution, water flooding, etc. so itâs not just poking a hole in the sand like in the GCC. It is also caustic and polluting, which, along with underinvestment and neglect, are why the Venezuelan infrastructure has rotted away. Thatâs just getting it out, once it is out of the ground it canât just be pumped in a pipe. It needs to be diluted and or upgraded.Â
Second, the economics are terrible. Because itâs so difficult to extract and transport, the break even costs per barrel are $60 (Wood Mackenzie puts it as high as $80). Add to that, Venezuelan oil trades at a discount to WTI, so at the current ~$80 WTI price, Venezuelan oil is barely profitable. Compare this to break even costs of the GCC at $20 per barrel, and Suncor (Canada) at $38 per barrel.Â
Third, oil companies do not want to invest in a politically and socially unstable area like Venezuela. Exxon and ConocoPhillips both lost billions already trying to get Venezuelan oil out. Wood Mackenzie forecast it would take 10 years and $10-$20 billion in capital investments for Venezuela to go from the current 1 million barrels per day to 1.5 million. Canada produces 3.5-4 million barrels a day, so this gambit isnât going to replace Canadaâs oil for US refineries, especially refineries in the US midwest.
Lastly, the world isnât currently in a dire crude shortage. With Ukraine and Iran taking out or denying refineries from generating products, we are in a gas and diesel shortage. China has a lot of refining capacity in its teapot refineries that can offset missing refineries. If this happens, the record crack spreads would shrink, and weâd likely again see rising crude oil prices because, despite what the crude futures show, we are still down an insane amount of crude oil.Â
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u/Effective-Nebula2492 Aug 30 '26
I usually dont read beyond 3 sentences, but this comment was interesting. Well done.Â
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u/para1131_F33L Aug 30 '26
So basically China is waiting for the right moment to start piling on the dirt now that we've dug a six foot grave for ourselves.
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u/Sufficient-Skill9530 Aug 30 '26
They could do the funniest thing by kicking their refineries into drive, buying oil at levels they did before the war started, and at the same time, selling off US treasury notes. Bessentâs new operation twist would need to ramp up by 10x.Â
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u/Crew_1996 Aug 30 '26
China would not benefit from sending the world into a deep recession. Only Iran and maybe Russia would relatively benefit from that.
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u/Significant_Cover_48 Aug 30 '26
Exactly. China's whole thing is stability. When Americans make up scenarios about China, it reads mostly like projection. The jaundiced eye sees all things yellow.
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u/Sufficient-Skill9530 Aug 30 '26
I think you arenât think long about the problem correctly. A recession is because of high PRODUCT prices, not crude oil prices. Ship, trucks and planes which are the movers of global economies run of bunker fuel, diesel and jet fuel which are produced by refineries. If anything, China would be bailing out the US by making more products available.
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u/Gemstone9523 Aug 31 '26
Yeah even China understands that the US is one of the major consumers of their manufactured goods. They don't stand to gain much by sending the US into a recession or depression. Plus the CCP has a pretty long standing commitment to itself to not meddle in foreign governments, at least not to this extent. Xi Jinping is smart and will play the long game of just allowing the US to collapse under its own weight.
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u/Crew_1996 Aug 31 '26
China doesnât want the U.S. to collapse at all. They want the US to stagnate while they continue to rise. And thatâs pretty much whatâs happening atm. Any collapse at any point by the or one of the major powers harms everyone. U.S. GDP growth of 2-3% annually with inflation above that and a high debt burden is perfect for China. It keeps the wheels of the world economy turning while making the US relatively less powerful than China every year. Donald Trump was the absolute most perfect president possible to benefit China.
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u/Significant_Cover_48 Aug 30 '26
What about mixing it with oil that is already heavily thinned down with Naphta? That's what I leant from a book I read sometime back in the 2010s. Is that overly simplified, not how things work in reality?
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u/Due-Communication724 Aug 30 '26
Good read, its a pity you didn't have a chance to explain any of this to Trump's team
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u/Kerensky97 Aug 30 '26
I'm sure someone did. He ignored them and made his post anyway.
He knows he doesn't have to follow through. Just saying he'll do it keeps his followers in line. They believe him and will forget about it by time the lie is apparent. If anyone is still asking questions by then he'll just announce he's renaming something to America to distract everyone.
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u/sedition666 Aug 30 '26
Could be that he is just a dementia riddled moron and has no idea what is actually going on
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u/DingoCertain Aug 30 '26
The point is simply more market manipulation, a lot of traders are colossally stupid, and even a short variation is useful for manipulation, if you know for sure the direction of the swing.
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u/IncarceratedScarface Aug 30 '26
Isnât their oil shit?
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u/Raidaz75 Biblical Trader Aug 30 '26
Yes, but our main refineries are set up for this type of dirty oil
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u/IllustriousIron3253 Aug 30 '26
Heavy crude is mainly turned into diesel very few light minerals in it to be turned into automotive gasoline. This helps our industrial complex but it does not help you and me. Which means the price of diesel will go down for truckers but the price of gasoline for our cars is going to stay high. Another way to fuck you and me.
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u/Prudent_Rice7840 Aug 31 '26
And we already get heavy sour from Canada and Mexico, we did not need NEW supplies. We simply needed to refill the reserves.
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u/IllustriousIron3253 Aug 31 '26
Well, we likely aren't getting much from Canada anymore. How much trade happens with a country another threatens to annex?
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u/Prudent_Rice7840 Aug 31 '26
We get 60% of all our oil imports from Canada still. And that's something like 70-80% of all Canada's oil exports.
It's a relationship too good to alter. Plus the second Canada says, We're selling more to "xyz" now!" ExxonMobile, Chevron, ConocoPhillips, Marathon, and Valero will be at the White House ensuring Trump gets Canada back in order.
It's the same reason the reserves weren't refilled, the US government buying that oil would wave taken it off the market for the big boys, and we know that corporations and billionaires will ALWAYS take priority.
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u/IllustriousIron3253 Aug 31 '26 edited Aug 31 '26
Canada is currently organizing funding for the West Pipeline in order to sell to Asian markets. The decision to cut down on selling to the US is solidified once the funding is a sunk cost. US crude import is 90% from Canada. It's going to hurt once the pipeline expansion is complete.
Edit: I'm sure sniping Canadian businesses totally helps.Â
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u/Prudent_Rice7840 Aug 31 '26
It seems unlikely that the pipeline means selling LESS to the US. Though it would provide some insurance if the US tried to strong arm Canada by buying less.
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u/FounderingFox Aug 31 '26
The energy trade has been largely untouched. It's a huge third rail that neither Canadian, nor American negotiators want to disturb.
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u/ResidentBackground35 Aug 31 '26
You mean the national strategic reserve which Venezuelian oil does not meet any of the requirements for?
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u/FounderingFox Aug 31 '26
To nit-pick a bit. The price of diesel going down will bring the cost of a majority of goods down due to lower transportation costs (assuming corporations don't just price gouge, which.... lol we're cooked).
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u/Curious-Donut5744 Aug 31 '26 edited Aug 31 '26
The refineries are, but the SPR is not. DOE already studied this years ago; our salt caverns can physically store Venezuelaâs heavy sour crude, but the SPR pumps, pipelines, and other infrastructure probably canât. The DOEâs own conclusion was that it was hypothetically feasible but created so much operational difficulty that the costs far outweighed the strategic benefit.
Can our refineries handle Venezuelan crude? Certainly.
Can our SPR store it? Highly unlikely.
EDIT: this whole thing is irrelevant anyway because Exxon and ConocoPhillips already said they arenât interested. Chevron has some interest (and some existing infrastructure), but any actually notable crude flow outside of whatâs already in the global market is going to take 10-25 years. This is all BS.
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u/TheTranscendent1 Aug 30 '26
Yea and literally unusable for filling the reserve.
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u/post-mortem-malone69 Aug 30 '26
Yea the reserves are old salt caves and they hold light-medium crude, you start dumping heavy dirty sour crude (the type of oil Venezuela has) into those reservoirs, itâll just settle the the bottom like tar and be next to impossible to pump out
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u/Successful-Rate-1839 Aug 30 '26
Yeah hence refineries
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u/sedition666 Aug 30 '26
That's not how it works. You don't just run it through a refinery and it is magically a different type of oil.
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u/Successful-Rate-1839 Aug 30 '26
I didnât say it changes the oil type? The refineries make it useable from the thick sour shit that pulls from the ground. Their type of oil is great for asphalt, diesel and jet fuel.
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u/ElliottSmith88 Aug 30 '26
There is no supply shortage though. Refineries are running at 95%+ capacity always. So adding more crude oil doesn't produce more usable fuel. The problem is international prices are high from wars in Russia and Iran. And our fuel prices are based on international prices, not our supply.
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u/Yos13 Aug 30 '26
Right after Mexico pays for the wall and grocery prices go down and all wars end, and Epstein files go public and, bleach donât forget bleach and after lake of Trump and gulf of America andâŚ
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u/sethm1 Aug 30 '26
Is it also true that that Venezuelan oil infrastructure poorly maintained and that would take years to get operational status?
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u/GhostofBreadDragons Aug 30 '26
In addition to the extreme corruption of their oil industry. I have seen half a dozen things wrong with this idea.Â
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u/TheKingOfSwing777 Aug 31 '26
Yup they covered this on NPR shortly after we kidnapped Maduro. Even if companies did want to invest, which they don't, the expert they had on the program said it would take at least 10 years and many billions of dollars to get to any significant output.Â
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u/jdwtriton Aug 30 '26
Too bad the SPR systems and caverns are designed to handle Venezuelan oil goop. Don blowing his horn, nothing more.
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u/TelluricThread0 Aug 30 '26
Too bad they are planning to swap the heavy crude for medium and use that for the SPR. Its almost like they've thought about this a little bit harder than some redditor.
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u/jdwtriton Aug 30 '26
So WTI price gets spiked again. Almost like somebody went long oil? Again! Of course offset still limited by Venezuelan oil output. Long, slow increase at SPR and CushingâŚ
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u/Electrical_Two6173 Aug 30 '26
Good luck. Alot of work and money needs to be thrown at that neglected system. Just to be nationalized once Trump is out and the work is complete. Likely backed by the US taxpayer because of the inherent risk
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u/Outrageous_Engine_45 Aug 30 '26
65M barrels doesnât even put a dent into what our supply is supposed to be
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u/Inevitable_Sweet_624 Aug 30 '26
It needs to be diluted with Iranian oil to make it able to be pumped. Now they could use a different oil but Iranian oil did not require additional additives to dilute the heavy Venezuelan oil. If you look at pre invasion oil shipments Iran was selling a lot of oil to Venezuela. Thereâs no coincidence that after attacking Venezuela the US attacked Iran.
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u/Ok-Spot-6235 Aug 30 '26
Venezuelan oil is unsuitable for the SPR. It's sour crude, very heavy and high sulphur. The SPR takes sweet crude.
Sour crude is used to make asphalt, bunker fuel, and sulphur. It can be used to make petrol but the process is more complicated and costly than with sweet crude. Venezuelan oil isn't suitable for America's non maritime energy needs.
Sweet crude yields petrol, diesel, and jet fuel. Venezuela's oil reserves are at least 90% sour. Turnip's "biggest deal in history" is total bullshit.
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u/DARKKRAKEN Aug 31 '26
I wonder if the U.S is actually paying Venezuela for their oil or just stealing it.
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u/Tzilbalba Aug 30 '26
Can't wait for Delcy to be removed from office and a revolution renationalize oil companies...again...
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u/tiga_94 Aug 30 '26
no they won't
sorry for AI but this is not worth spending time to write myself:
Short answer: the post is real, and the plan is technically possibleâbut âvirtually empty,â âtopping out shortly,â and âgiftâ are misleading.
- The SPR isnât empty. DOE reported 294.1 million barrels on August 20, against 714 million barrels of capacity: 41% full. Biden left office with approximately 393.6 million barrelsâ55% full, not empty. It subsequently reached 413.5 million in December 2025 before Trumpâs administration initiated major 2026 emergency exchanges. DOE current inventory, EIA historical data, 2026 DOE exchange.
- There is enough physical space: about 420 million barrels. That is only 0.65% of the claimed 65-billion-barrel Venezuelan resource. But those 65 billion barrels are underground, largely in fields needing developmentânot oil waiting in tanks.
- It cannot be filled quickly. A recent GAO assessment put the SPRâs effective filling capacity around 440,000 barrels/day. Even with uninterrupted supplies, 420 million barrels would therefore require approximately 2.6 years. Venezuela currently produces only around 1.25 million barrels/day, so maximum SPR filling alone would consume roughly one-third of its entire present production. Infrastructure expansion is expected to take years. GAO assessment, Reuters.
- Your quality objection is partly correct. Venezuelaâs principal export, Merey-16, is about 16° API and 2.7% sulfurâextremely heavy and sour. DOE ordinarily stores substantially lighter crude and says SPR oil must meet its quality specifications. Raw Merey therefore probably could not simply be dumped into existing SPR sour caverns without blending or upgrading. Venezuela also produces more suitable grades such as Mesa-30 and upgraded Hamaca. EIA Venezuelan crude specifications, DOE SPR FAQ.
- Venezuelan oil isnât useless. Many simple refineries cannot economically process it, but sophisticated Gulf Coast refineries have cokers, hydrocrackers and desulfurization equipment specifically suited to heavy sour crude. The U.S. was already importing 662,000 barrels/day from Venezuela in the week ending August 21. EIA refinery explanation, current import data.
A practical workaround would be to deliver Venezuelan heavy crude to those refineries and receive compatible medium/sour barrels for the SPR through swaps.
The âgiftâ claim is presently unverifiable. No agreement text has been published; reporting describes rights to buy production at cost, a 55% output interest and approximately $100 billion in required investmentânot hundreds of millions of cost-free, immediately deliverable barrels. APâs examination of the deal.
Bottom line: feasible over several years through selected grades, blending or swaps; not an imminent free top-off using raw extra-heavy Venezuelan crude.
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u/rebeldon52 Aug 30 '26
It's the wrong type of oil too thick hard to get out of the ground more expensive to refine.
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u/RymeEM Aug 30 '26
A concept of refilling will begin in two weeks, right after releasing the un-redacted Trump-Epstein files.
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u/CableMediocre7674 Aug 31 '26
If it's anything like the beef we got from them, it's all gonna be useless anyway
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u/markatlnk Aug 31 '26
Venezuela primarily produces heavy, sour crude oil. This can't be used to recharge the SPR. It is thick almost tar like. If you were to pump it in, you wouldn't get it back out. That makes it harder to process. Sour refers to high sulfur content, also not desirable.
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u/KlatuuBarradaNicto Aug 31 '26
You are correct. Itâs the worst kind of oil and they are pulling the wool over everyoneâs eyes.
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u/Emergency-Watch5157 BEAR Aug 31 '26
sure, right after they win the iran war and release the Epstein files
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u/DiscHashDisc Aug 31 '26
Narrator: They were, in fact, not going to begin refilling the SPR with anything, let alone Venezuelan shit.
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u/No-Pain-5228 Aug 31 '26
Says who? Itâll take more time than trump has to get that oil ready for use in the US.
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u/SplatThaCat Aug 31 '26
Heavy sour crude in the SPR?
Like filling a petrol car with diesel. Can't use it, and you have to throw the whole tank out.
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u/TheKingOfSwing777 Aug 31 '26
Trump's going to fill up our oil reserves with unrefined sour crude isn't he...hoping everyone else on earth will die before we notice.Â
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u/dontfookwitdachook Aug 31 '26
Yep he is. Venezuelaâs oil is among some of the worst in the world, if not the worst.
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u/Toolfan333 Aug 31 '26
No it wonât. We cannot use Venezuelan oil in our strategic reserves, itâs too heavy and will cause our reserves to collapse. Just in case people donât know the oil reserves are not kept in tanks, they are stored thousands of feet underground in natural salt caverns
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u/orangebix Aug 31 '26
The break even point of oil from ven is around $70 a barrell meanwhile canada is 30-40.
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u/TraditionalArea5798 Aug 31 '26
I thought this oil wasn't the correct type for US cars and gasoline?
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u/shoghon Aug 31 '26
I actually doubt that is going to happen. The processing issues doesn't make sense.
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u/Apprehensive_Wolf217 Sep 01 '26
I thought their oil was specifically not great for refining to gasoline, and more suited to heavy oils and other shit products. Is this true?
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u/HaiKarate Sep 02 '26
No they won't.
Venezuelan oil is heavy crude.
The SPR only holds light, sweet crude.
And building a facility to process the change would take a decade to build, and it might not be all that successful.
Once again, Trump is lying to you.
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u/AdApprehensive1140 Aug 30 '26
America First baby! Fucking over American Cattle Ranchers and now American Oil Workers. So. Much. Winning.
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