Venezuela threatens anew to turn off oil spigot to US

[dougcs]

Quote from Banjo:

Extracting from the markets what the donators provide to be extracted is about only two points, the first most relevant and most secure is the "informational advantage", the second is "art of the game advantage" the consumate player who can sense the truth of the play. I provide you an example of informational advantage;

"Headquartered in Houston, Texas, CITGO is owned by PDV America, Inc., an indirect, wholly owned subsidiary of Petróleos de Venezuela, S.A. (PDVSA), the national oil company of the Bolivarian Republic of Venezuela"
http://www.citgo.com/InvestorRelations/InvestorRelations.jsp
Do you think Chavez will stop sending oil to be refined and sold by a company he controls thereby most assuredly placing money in his personal pocket.

Great point not to mention if he plays hard to get with his oil the US can confiscate CITGO and other assets. Plus, most of Vz. crude is heavy and takes a special refinery, like the one in Corpus Christi (CITGO) to run it. Sounds to me, like he is shooting his mouth to score points at home.

DS

 

[areyoukidding?]

Quote from dougcs:

Great point not to mention if he plays hard to get with his oil the US can confiscate CITGO and other assets. Plus, most of Vz. crude is heavy and takes a special refinery, like the one in Corpus Christi (CITGO) to run it. Sounds to me, like he is shooting his mouth to score points at home.

DS

Sounds like what i said

 

[dougcs]

Quote from areyoukidding?:

Sounds like what i said

I believe the "what I said you refer to is your statement:
"Its just Chavez making his country happy, by saying F#$k You America. Nothing more."

In addition to my mention of Chavez playing to the home audience as you did, I added information re. the US confiscating CITGO as well as other assets plus the part about Vz has heavy crude that needs a specially equipped refinery like the one in Corpus Christi (CITGO) to run it which makes selling that heavy crude elsewhere more difficult if at all possible.

Or did I miss you stating that added information somewhere?

DS

 

[Jayhawk]

12 cent a gallon of gas in Venezuela!

 

[murray t turtle]

Quote from candletrader:

The time has come to liberate Venezuela, to catch Chavez and to execute him for stealing from and oppressing his people...

We must help create a new government there, based on democratic principles, which will not use oil as a weapon of terrorizing America...

================
Candletrader;
Jim Rogers doesnt like him either.

Chavez may not know much about oil/gas stock trading trends;
not realizing he may actually may be helping capitalists & himself,
by trying to scare consumers.

 

[jbtrader23]

1.5 million barrels a day X $63 a barrel X 365 days in a year. Who does this fool think he's kidding? A dirt poor country is going to give up billions in oil revenue......ok.....

Here's something to think about. Is there one nice guy in the entire world that has alot of oil? The nut cases are running the asylum. Saudi Arabia, Iraq, Iran, Nigeria, Venezuela, Libya, Algeria. They sure did luck out.

 

[Babak]

5 c in Iraq (and they still complain).

Quote from Jayhawk:

12 cent a gallon of gas in Venezuela!

 

[Sam123]

Quote from jbtrader23:

1.5 million barrels a day X $63 a barrel X 365 days in a year. Who does this fool think he's kidding? A dirt poor country is going to give up billions in oil revenue......ok.....

Here's something to think about. Is there one nice guy in the entire world that has alot of oil? The nut cases are running the asylum. Saudi Arabia, Iraq, Iran, Nigeria, Venezuela, Libya, Algeria. They sure did luck out.

The majority of oil suppliers are Marxists and Islamists, and they are dependent on America's demand. However, there is an emerging new demand: China.

So these suppliers will become antagonistic to America, now that they have a new major client to sell to.

That's why America must either have direct and exclusive access to oil supply, or develop alternative energies that will lead them to energy independence.

 

[dougcs]

Quote from Sam123:

The majority of oil suppliers are Marxists and Islamists, and they are dependent on America's demand. However, there is an emerging new demand: China.

So these suppliers will become antagonistic to America, now that they have a new major client to sell to.

That's why America must either have direct and exclusive access to oil supply, or develop alternative energies that will lead them to energy independence.

I agree with your thought that the US should correct is dependancy on imported crude but China with its increasing demand imports about 5% of the world's capacity, so to me it is not large enough to consume the oil from those nations antagonistic to the US. IMO, a lot of those countries dislike the US's foreign policy but like its money.

DS

 

[tradenut]

Quote from Sam123:

The majority of oil suppliers are Marxists and Islamists, and they are dependent on America's demand. However, there is an emerging new demand: China.

So these suppliers will become antagonistic to America, now that they have a new major client to sell to.

That's why America must either have direct and exclusive access to oil supply, or develop alternative energies that will lead them to energy independence.

Or just buy it on the market like everyone else. Probably would be lots cheaper and no one will have to die for it.