frightful_hobgoblin@lemmy.ml to Today I learned@lemmy.ml · 21 hours agoVenezuela has the largest oil reserves in the world (by a lot)en.wikipedia.orgexternal-linkmessage-square12fedilinkarrow-up137arrow-down11file-text
arrow-up136arrow-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 · 21 hours agomessage-square12fedilinkfile-text
minus-squarePowerCrazy@lemmy.mllinkfedilinkEnglisharrow-up3·edit-217 hours 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