Venezuela Refinery Explosion [NotSoBreaking] - MarketTicker Forums


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Avianphlu Posts: 4117 Incept: 2008-12-03 Ulster NY	http://edition.cnn.com/2012/08/25/world/.... Blast at Venezuela oil refinery kills 19 The nation has a refinery capacity of more than 1 million barrels per day, according to the OPEC. This refinery pumps out 645000 bpd. Venezuala just lost over half its output. It gets worse.... Venezuela is the fifth largest oil-exporting country in the world with the largest reserves of heavy crude oil at an estimated 99.4 billion barrels. 2012-08-25 08:35:58 Permalink
Krzelune Posts: 5513 Incept: 2007-10-08	How long before Chavez blames it on us? ---------- The desire of millions, the inconvenience of millions, the suffering of millions, the death of millions, does not concern them because of the evolutionary humanist lens they peer through. 2012-08-25 10:01:32 Permalink
Avianphlu Posts: 4117 Incept: 2008-12-03 Ulster NY	fuel costs in venezuela will probably double from 9 cents a gallon to 18 cents. oh the drama. 2012-08-25 10:04:46 Permalink
Uppity_peasant Posts: 3229 Incept: 2009-06-26	http://www.eia.gov/cabs/venezuela/oil.ht.... Quote: Exports Venezuela’s petroleum exports have dropped by almost 50 percent, since peaking at 3.06 million bbl/d in 1997. Venezuela sends a large share of its oil exports to the United States because geographic proximity enhances export profitability and because refineries on the U.S. Gulf Coast are specifically designed to handle heavy Venezuelan crude. Currently, Venezuela is the United States’ fifth largest supplier of imported petroleum. However, U.S. imports from Venezuela have declined in recent years. In 2010, the United States imported 987,000 bbl/d of crude oil and petroleum products from Venezuela, just 8.3 percent of total American imports. Even factoring in 255,000 bbl/d of imports from the U.S. Virgin Islands, which are almost exclusively petroleum products refined from Venezuelan crude, the significance of Venezuela to the American energy sector is in decline (see chart). Oblahblah ain't gonna like this... ---------- ==== If it's true that "assault weapons" are "weapons of war" and don't belong on the streets of America, why do the police need them? Who are the police at war with? 2012-08-25 11:28:10 Permalink