So far, its more Panama than Iraq.

(01-08-2026 01:35 PM)DaSaintFan Wrote:  

(01-08-2026 01:21 PM)Redwingtom Wrote:  

(01-08-2026 01:15 PM)bullet Wrote:  

(01-08-2026 12:52 PM)DaSaintFan Wrote:  

(01-08-2026 09:29 AM)Redwingtom Wrote:  It's a matter of money. The oil companies invested a LOT into Canada and that's currently producing for them. If they go to VZ, mostly on their own dime, they pretty much have to reduce their footprint in Canada...where they are currently producing. It doesn't make much sense to basically rob Peter to pay Paul, especially when they'd have to wait years for any returns from Paul.

Not really, as you know Venezuela is "cruder" crude (ha-ha fun pun for the morning!)
than even Canadas, and they BOTH have to use specifically formatted refineries to make them, so it's almost impossible to say that they'd "double up" outputs in this case.
And yes, some of the leases they do sit on to prevent over-production, but they still paid for those leases.

But this is just what I remember from my geologist friend and i haven't talked to him in a very long time.

Yeah. Venezuela tends to have heavier crude. A lot of refineries are designed to deal with lighter crudes like West Texas Intermediate.

The issue of can is not really the issue. It's the cost and time. And the risk and cost of doing it in an environment with unstable governments, infrastructure, and future.

The point is that i they pay for the lease for the land, they don't really have to do anything with the land, they can just sit on it and wait for a time when it's needed.

Sure, but that's not what trump wants them to do.

(01-08-2026 03:03 PM)TripleA Wrote:  

(01-08-2026 01:07 PM)Redwingtom Wrote:  

(01-08-2026 11:54 AM)TripleA Wrote:  

(01-08-2026 09:33 AM)Redwingtom Wrote:  

(01-07-2026 03:13 PM)TripleA Wrote:  Trump has said that he would expect the oil companies to pay for the startup, and if not, the US would pay, then be repaid by selling the oil themselves.

Psst...trump lies. And he doesn't have clue one about anything related to the O&G industry.

Are you aware that you supported Biden for 4 years?

Are you aware that Trump has connections and knows how to use a phone?

Are you aware that I have access to all the stuff you do beyond watching Fox News?

You used to make some sense now and then. But you have gone over the cliff since Trump was elected this last time.

I'm certainly aware you are either incapable or unable to use that access.

AGAIN, stop listening to politicians. They are not telling you the truth.

Or maybe you just get pissed every time somebody says something you don't like, or mentions Trump.

All Trump said was somebody would obviously have to pay for the startup costs. Either the oil companies or the US, hopefully the oil companies if they participate.

How is that wrong?

And again, I never even said I agreed with it. I simply reported what he said. Same with the 18 months that got you so spun up.

As long as you know that 18 months is nowhere near anything reasonable, you're good. But I'm sure there are plenty of MAGA cultists who believe it when he spews things like that.

(01-08-2026 05:02 PM)Redwingtom Wrote:  

(01-08-2026 03:03 PM)TripleA Wrote:  

(01-08-2026 01:07 PM)Redwingtom Wrote:  

(01-08-2026 11:54 AM)TripleA Wrote:  

(01-08-2026 09:33 AM)Redwingtom Wrote:  Psst...trump lies. And he doesn't have clue one about anything related to the O&G industry.

Are you aware that you supported Biden for 4 years?

Are you aware that Trump has connections and knows how to use a phone?

Are you aware that I have access to all the stuff you do beyond watching Fox News?

You used to make some sense now and then. But you have gone over the cliff since Trump was elected this last time.

I'm certainly aware you are either incapable or unable to use that access.

AGAIN, stop listening to politicians. They are not telling you the truth.

Or maybe you just get pissed every time somebody says something you don't like, or mentions Trump.

All Trump said was somebody would obviously have to pay for the startup costs. Either the oil companies or the US, hopefully the oil companies if they participate.

How is that wrong?

And again, I never even said I agreed with it. I simply reported what he said. Same with the 18 months that got you so spun up.

As long as you know that 18 months is nowhere near anything reasonable, you're good. But I'm sure there are plenty of MAGA cultists who believe it when he spews things like that.

The problem is nobody knows what shape the current infrastructure is in. We know their current facilities are underutilized, just from the low amount of barrels they have allegedly been producing.

But who cares? It's such a minor point. Who cares if Trump got it wrong? Maybe he did, but he certainly has better intel than either of us has. We just have no clue what he means by build it, or rebuild it, or repair it or whatever.

I just don't understand why that set you off so much. And no, I didn't call Trump to verify it before I posted it.

I also need no assistance determining if I'm good. :)

P.S. I don't take anything Trump says at face value. Or almost anybody else, for that matter.