@draytonnay: Venezuela oil trump deal

user7567527953919 :

ExxonMobil CEO Darren Woods and Chevron CEO Mike Wirth have stated the Trump administration’s rhetoric about tapping into and ramping up Venezuelan oil production is not possible. Woods said Venezuela had a huge resource potential, but he described the country as effectively “uninvestable” without major changes to its legal, fiscal and political environment. He said Exxon would need stability, security guarantees and confidence that its investments would be protected. Both stated the realistic picture is $50 billion just to repair the current existing infrastructure in Venezuela, and potentially $150–$250+ billion and 10–15 years to build the industry to ~3 million barrels/day production.

SD Owen ❌ :

Venezuela Oil has 5 times the sulphur and impurities versus Alberta oil. It requires more passes through cracking & upgraders to become a usable product. The processing cost for Venezuelan oil is twice as high as Alberta oil.

appleuser65239267 :

im exhausted this is white privilege on steroids

Kinder.World :

The last I heard, was that nobody wanted to refine the oil. The oil is very dirty and must be cleaned and refined.

maximilianspaw :

Tens of billions of taxpayer dollars, they left a word out of their description didn’t they.😏

Jarrod Walker180 :

Would you admit that no mater what he does it will always be “a bunch of nonsense”?

Lifegoal2030 :

His daily smoke and mirrors show to distract from his worldwide shit show.

❌Jimmy❌ :

DJT, is a malignant narcisst, maga are his enablers, neither are able to take accountability, admit fault or change, they do not have the mental capacity

Tiktalk :

It will take years to actually use it.

Grace Freehill :

love your sarcasm Bud. you're a hot mess. love your messages. some people can't handle your direct approach but you plant the seed. well done Drayton, my friend. keep the faith

Stephanie ⚜️🇨🇦 :

I heard it was going to be processed by a company from Saudi arabia in the States, the one that’s making business with Trump’s family…also the ones he’s helping get the nuclear weapon. 😵‍💫

Bifazz :

You’re telling us taxpayers won’t have to pay for Medicare for all …….the biggest lie ever…..

MusicManFernando :

All that oil money is going to him and his friends.

bunny :

Drayton you make me laugh. You are so smart. I know you are absolutely right with your expertise analysis.

yura :

100 billion.oik companies told him month s ago it wasn't cost effective

Ruby Saldivar Juarez :

modern slave :

true

Darlene D'Aversa Cap :

lol😂

Kinder.World :

Thanks, Drayton. You're a prince.

miguel81 :

Most of Venezuela's massive oil reserves are extra-heavy, thick, and high in sulfur and metals, making it some of the most difficult and expensive crude in the world to refine.  Why Venezuelan Oil is Hard to Refine Heavy and Viscous: Most reserves in the Orinoco Belt are like thick tar or molasses, requiring special processing, heating, and blending with lighter oils just to move it.  High Sulfur and Metals: It is classified as "sour" crude containing heavy amounts of sulfur and metals like vanadium, which can ruin standard refinery equipment.  Complex Processing Needs: Standard refineries cannot handle it easily. It requires specialized, expensive facilities equipped with "coker" units to break down the heavy molecules.  High Emissions: Refining this extra-heavy crude uses a lot of energy, resulting in a much higher carbon footprint than lighter, sweeter global benchmarks.

new account 4 :

I think the democrats are just jealous. Things are getting done and they don't like it

andyrak3 :

I don’t but MAGA does

America :

tds

afilado77 :

It’s a major corruption across the board and elections postponed due to the horrible earthquake but once elections are held the world will need to monitor and they could end up electing the former clown but that’s up to them, a lot of corruption