Comment by FpUser
7 days ago
>"That's obviously not credible, you can't profitably extract Venezuelan crude without US involvement. There's simply nobody else with the capabilities to do so. Venezuelan oil is particularly difficult to get out of the ground, it's tremendously difficult to extract profitably"
I see that you do not manage your finances properly. Lemme take over.
Besides I do not believe this "nobody else" BS. If there is a need and money to be made they will find someone with the tech or deep enough pockets to develop it.
> If there is a need and money to be made they will find someone with the tech or deep enough pockets to develop it
There's no need and there's likely to be no money to be made. The extraction costs will probably be closer to $60 per barrel, which is more than you can sell it for.
>"There's no need and there's likely to be no money to be made"
Not your or mine problem. It is up to Venezuela to figure it out either way, at least in a reasonable world it should be.
No doubt, but I'm simply making the point that it doesn't make economic sense for US to go after Venezuelan oil.
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