🤣Oh no!
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🤣Oh no!
Someone must have clued Trump in to the fact that Venezuelan crude oil is higher quality than Saudi crude, but that Nigerian is even higher quality than Venezuelan.
And that Nigeria has the largest oil reserves in Africa. More than 3X more than Ukraine, Mexico, and Australia... combined.
Because I assure you he does not care about Nigerian Christians. At all.
I already wrote a thread on Islamic terrorism in Nigeria, and how fighting that does not require Islamaphobia.♥️🕊️
1. Terrorists in Nigeria killed more people than either Al-Qaeda or ISIS
2. Most of their victims, are muslim
🙂🙃https://hachyderm.io/@mekkaokereke/112780201015569715
And Nigeria has large reserves of rare earth minerals needed for the EV transition.
But yeah, Trump loves Nigerian Christians all of a sudden? No. Just... no. 🤡
He doesn't even show love for Black US Christians! But now we're supposed to believe that he's worried about Nigerians?
If he's so worried about Nigerian Christians, let him increase the asylum approvals! Like he did for South African farmers, right?
But you already know that he's not going to do that.
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🤣Oh no!
Someone must have clued Trump in to the fact that Venezuelan crude oil is higher quality than Saudi crude, but that Nigerian is even higher quality than Venezuelan.
And that Nigeria has the largest oil reserves in Africa. More than 3X more than Ukraine, Mexico, and Australia... combined.
Because I assure you he does not care about Nigerian Christians. At all.
I already wrote a thread on Islamic terrorism in Nigeria, and how fighting that does not require Islamaphobia.♥️🕊️
1. Terrorists in Nigeria killed more people than either Al-Qaeda or ISIS
2. Most of their victims, are muslim
🙂🙃https://hachyderm.io/@mekkaokereke/112780201015569715
And Nigeria has large reserves of rare earth minerals needed for the EV transition.
But yeah, Trump loves Nigerian Christians all of a sudden? No. Just... no. 🤡
He doesn't even show love for Black US Christians! But now we're supposed to believe that he's worried about Nigerians?
If he's so worried about Nigerian Christians, let him increase the asylum approvals! Like he did for South African farmers, right?
But you already know that he's not going to do that.
@mekkaokereke Venezuela has the largest reserves in the world, but it's low quality very heavy crude. It is more expensive to extract and refine fuel from and requires specialized refineries (compared to, for instance, Saudi Arab Light Crude), making it much less desirable. Venezuela's oil industry is in shambles due to it being looted by the Maduro regime and US sanctions. China is getting much closer to Venezuela and buying their oil, but they don't have a lot of refineries that can refine the lower quality very heavy crude. I'm sure they'll build more.
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@mekkaokereke Venezuela has the largest reserves in the world, but it's low quality very heavy crude. It is more expensive to extract and refine fuel from and requires specialized refineries (compared to, for instance, Saudi Arab Light Crude), making it much less desirable. Venezuela's oil industry is in shambles due to it being looted by the Maduro regime and US sanctions. China is getting much closer to Venezuela and buying their oil, but they don't have a lot of refineries that can refine the lower quality very heavy crude. I'm sure they'll build more.
True. It's complicated.
"How much oil does Venezuela have? And is it high or low quality?" are questions whose answer changes greatly depending on what the global price of oil is. 🤷🏿♂️
For other folks: Crude oil can be light or heavy (viscosity) and sweet or sour (sulphur content). The good stuff is light and sweet (not too thick, and low sulphur content). That's the easiest to refine and sell.
Venezuela has a small amount of light sweet crude. It has a huge amount of heavy sour crude. Together, it has the largest proven oil reserves in the world. More than Saudi Arabia.
But if the global price of oil is low, then you can't even process the thick stuff for a profit and sell it. We say "Venezuela has a little oil, but at least it's light and sweet!"
If the global price of oil is high enough, then you can process and sell the thick stuff. We say, "Venezuela has the most oil on the world! Even more than Saudi Arabia! But most of it is heavy and sour!"
Venezuela used to mix their light and heavy oils together for export, to sell medium crude. Some of their light refineries have fallen into disrepair. They now import more light sweet crude, to mix with their heavy sour crude, to export the medium stuff. US oil companies want to get back to Venezuela to fix those refineries.
The US is the world's top producer of light sweet crude. Nigeria is also near the top.
At this point, astute readers might be wondering why Nigeria is not a fabulously wealthy country like Saudi Arabia or Kuwait? The answer is: for similar reasons that Russia is not a fabulously wealthy country. 🤷🏿♂️
Other readers might be wondering what happens to the climate if the price of crude oil gets low enough that we can get at all the Venezuela's oil? The bad news is that it's not just Venezuela. There are proven oil reserves all over the world that aren't being mined only because they are not affordable. Solar cells and EVs reduce demand for diesel and gasoline, which lowers the demand for a barrel of oil, which lowers the price, which keeps more of this stuff in the ground. Best form of carbon capture.
Solar cells and batteries also reduce the cost to generate a gigawatt of electricity, and makes more coal mines unaffordable to operate.
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True. It's complicated.
"How much oil does Venezuela have? And is it high or low quality?" are questions whose answer changes greatly depending on what the global price of oil is. 🤷🏿♂️
For other folks: Crude oil can be light or heavy (viscosity) and sweet or sour (sulphur content). The good stuff is light and sweet (not too thick, and low sulphur content). That's the easiest to refine and sell.
Venezuela has a small amount of light sweet crude. It has a huge amount of heavy sour crude. Together, it has the largest proven oil reserves in the world. More than Saudi Arabia.
But if the global price of oil is low, then you can't even process the thick stuff for a profit and sell it. We say "Venezuela has a little oil, but at least it's light and sweet!"
If the global price of oil is high enough, then you can process and sell the thick stuff. We say, "Venezuela has the most oil on the world! Even more than Saudi Arabia! But most of it is heavy and sour!"
Venezuela used to mix their light and heavy oils together for export, to sell medium crude. Some of their light refineries have fallen into disrepair. They now import more light sweet crude, to mix with their heavy sour crude, to export the medium stuff. US oil companies want to get back to Venezuela to fix those refineries.
The US is the world's top producer of light sweet crude. Nigeria is also near the top.
At this point, astute readers might be wondering why Nigeria is not a fabulously wealthy country like Saudi Arabia or Kuwait? The answer is: for similar reasons that Russia is not a fabulously wealthy country. 🤷🏿♂️
Other readers might be wondering what happens to the climate if the price of crude oil gets low enough that we can get at all the Venezuela's oil? The bad news is that it's not just Venezuela. There are proven oil reserves all over the world that aren't being mined only because they are not affordable. Solar cells and EVs reduce demand for diesel and gasoline, which lowers the demand for a barrel of oil, which lowers the price, which keeps more of this stuff in the ground. Best form of carbon capture.
Solar cells and batteries also reduce the cost to generate a gigawatt of electricity, and makes more coal mines unaffordable to operate.
This has nothing to do with oil. This is about Bullying. All this time, Trump has tried to befriend his maniac buddy Putin - but Putin will have none of it.
So the Bully goes over to Venezuela, a friend of Putin's - and beats V to a pulp. Now Trump shows Putin how to run an invasion.
Trump is tiring of making nice, for reasons of his own.
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This has nothing to do with oil. This is about Bullying. All this time, Trump has tried to befriend his maniac buddy Putin - but Putin will have none of it.
So the Bully goes over to Venezuela, a friend of Putin's - and beats V to a pulp. Now Trump shows Putin how to run an invasion.
Trump is tiring of making nice, for reasons of his own.
@tuban_muzuru @mekkaokereke @Chasteen It absolutely has to do with oil. But he didn't bother to actually listen to anyone who knows anything about the oil industry. And nobody in his orbit is going to push back on any of his foolish ideas. So Trump really does probably think Venezuela is just sitting on a trillion in oil reserves
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@tuban_muzuru @mekkaokereke @Chasteen It absolutely has to do with oil. But he didn't bother to actually listen to anyone who knows anything about the oil industry. And nobody in his orbit is going to push back on any of his foolish ideas. So Trump really does probably think Venezuela is just sitting on a trillion in oil reserves
@JessTheUnstill @mekkaokereke @Chasteen
You're not wrong. I'd rewrite it, saying "Though the obvious answer to Why Trump overthrows Venezuela is oil, consider: this is more than just oil - it's Trump beating up on one of Putin's friends.
Besides, only a certain number of refineries are set up to process V's oil. Here's the punchline : they are all in the USA, the Gulf Coast refineries, you need a coker and a desulfurizer. Merey 16. Deeply poisonous, too, loaded with interesting metals.
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@JessTheUnstill @mekkaokereke @Chasteen
You're not wrong. I'd rewrite it, saying "Though the obvious answer to Why Trump overthrows Venezuela is oil, consider: this is more than just oil - it's Trump beating up on one of Putin's friends.
Besides, only a certain number of refineries are set up to process V's oil. Here's the punchline : they are all in the USA, the Gulf Coast refineries, you need a coker and a desulfurizer. Merey 16. Deeply poisonous, too, loaded with interesting metals.
@tuban_muzuru @JessTheUnstill @mekkaokereke @Chasteen
“Putin's friend” as in “I'll let you take Venezuela if you let me take Ukraine”
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@quinta la nostra non era fiducia ma totale servilismo. Trump ci ha suonato la sveglia, e sembra che ancora molti debbano aprire gli occhi.
Davvero si credeva di poter spendere il 2% del PIL difesa magari piazzandosi dentro le spese piu farlocche? 🤹♀️🤹♀️
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RE: https://mastodon.nzoss.nz/@rimu/115878567169712034
Helping you to test this 😉
