Article

2019-02-27 Caribbean-Latin America

16 Tankers Are Stuck With 8.36 Million Barrels Of Venezuelan Crude That Nobody Wants

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Posted by Alaska Paul 2019-02-27 13:18|| || Front Page|| [6 views ] Top
File under: Commies

#1 So why not sanction Rosneft, Chevron, Total SA and Equinor ASA.

Posted by Woodrow 2019-02-27 13:38|| 2019-02-27 13:38|| Front Page Top

#2 Nobody wants to have to pay for it twice - once to Maduro and again to his successor.

Posted by Glenmore 2019-02-27 15:24|| 2019-02-27 15:24|| Front Page Top

#3 The ironic thing is, the US is the only country that can refine it in bulk. And with our fracking success our refineries are switching from heavy to sweet crude.

Venezuela will have no market in a decade or so since one one will be able to refine their sludge.

Posted by DarthVader 2019-02-27 15:26|| 2019-02-27 15:26|| Front Page Top

#4 At least the holds of the tankers won't rust much, so they've got that going for them...which is nice

Posted by Frank G 2019-02-27 15:35|| 2019-02-27 15:35|| Front Page Top

#5 at a time when the world is thirsty for heavy, sulfurous oil.

Could someone who knows explain this to me? I've always understood refining this Venezuelan oil is something akin to separating the individual ingredients of toothpaste...is it more viscous or enduring or otherwise special?

Posted by swksvolFF 2019-02-27 16:21|| 2019-02-27 16:21|| Front Page Top

#6 Venezuela will have no market in a decade or so since one one will be able to refine their sludge.

They will dilute it with US very light, sweet crude produced by fracking and ship it to Asia.

Posted by Eohippus Graick2440 2019-02-27 17:08|| 2019-02-27 17:08|| Front Page Top

#7 and pay very little for it

Posted by Frank G 2019-02-27 18:58|| 2019-02-27 18:58|| Front Page Top

#8 Somebody better do something fast before that tub of tar hardens and then you'll have to chip it out.

Posted by AlmostAnonymous5839 2019-02-27 21:22|| 2019-02-27 21:22|| Front Page Top

#9 swksvolFF, it is all about chemistry and how deeply buried the source materials are underground. Natural gas, oil, and coal are different minerals underground that arise from the same sediments.

Natural gas has very short carbon chains, one to five carbons in a row. Oil has longer chains, six to dozens. (Octane is eight carbons in a row.)

Venezuelan crude is between oil and coal and is bitumen or asphalt, which has lots more carbon organized into many dense rings. Coal has even longer crazy carbon structures.

Refineries take whatever they get and then use different catalysts to break down the carbon chains and remove impurities, like sulfur, to make the products normal people use, such as gasoline, motor oil, asphalt, propane, and natural gas.

Hope that helps.

Posted by rammer 2019-02-27 22:22|| 2019-02-27 22:22|| Front Page Top

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