frightful_hobgoblin@lemmy.ml to Today I learned@lemmy.ml · 12 days agoVenezuela has the largest oil reserves in the world (by a lot)en.wikipedia.orgexternal-linkmessage-square12linkfedilinkarrow-up11arrow-down10file-textcross-posted to: til@lemmy.ca
arrow-up11arrow-down1external-linkVenezuela has the largest oil reserves in the world (by a lot)en.wikipedia.orgfrightful_hobgoblin@lemmy.ml to Today I learned@lemmy.ml · 12 days agomessage-square12linkfedilinkfile-textcross-posted to: til@lemmy.ca
minus-squarePowerCrazy@lemmy.mllinkfedilinkEnglisharrow-up0·12 days agoNot all oil is created equal. While all oil is useful, our current oil dependent economy is highly dependent on easily (cheaply) refined and pumped oil. Though the guardian claims that Venzuela oil is “ideal” for America’s gulf-coast refineries. I don’t really know one way or another the efficacy of that claim. https://www.theguardian.com/business/2026/jan/05/venezuelan-crude-oil-appeals-to-us-refineries
Not all oil is created equal. While all oil is useful, our current oil dependent economy is highly dependent on easily (cheaply) refined and pumped oil.
Though the guardian claims that Venzuela oil is “ideal” for America’s gulf-coast refineries. I don’t really know one way or another the efficacy of that claim. https://www.theguardian.com/business/2026/jan/05/venezuelan-crude-oil-appeals-to-us-refineries