11 minutes ago, dawkins4prez said:

Yeah that's another thing MAGA keeps repeating and getting wrong. This isn't a blow to Russia, it's really a blow to China. They want so badly to paint this as FIVE DEE!!! But the dust is settling and the end game is getting harder and harder grasp. Did he really kidnap a foreign a president for a couple poll points and hail mary attempt to get gas down for a few months before the mid terms? I mean, it tracks.

He’s also really trying to find a way to stop the midterms. He knows he effed.

12 minutes ago, dawkins4prez said:

Yeah that's another thing MAGA keeps repeating and getting wrong. This isn't a blow to Russia, it's really a blow to China. They want so badly to paint this as FIVE DEE!!! But the dust is settling and the end game is getting harder and harder grasp. Did he really kidnap a foreign a president for a couple poll points and hail mary attempt to get gas down for a few months before the mid terms? I mean, it tracks.

And distract from the fact that the POTUS is a PEDO

I guess some of the cult haven't got the new programming that it is in fact for the resources and not to help the people

Clear as day. We want the oil. Rare earths are good too.

27 minutes ago, Mike030270 said:

Robbing Venezuela until oil goes under $50/barrel? That's the plan? i don't even know where to begin.

7 minutes ago, dawkins4prez said:

Robbing Venezuela until oil goes under $50/barrel? That's the plan? i don't even know where to begin.

IIRC if the per barrel price gets that low it makes US production unprofitable.

1 minute ago, Bill said:

IIRC if the per barrel price gets that low it makes US production unprofitable.

It also makes it unprofitable for *drumroll*....

Venezuela.

51 minutes ago, Mike030270 said:

I guess some of the cult haven't got the new programming that it is in fact for the resources and not to help the people

watching the cucks try to justify this is so awesome.

On 11/14/2025 at 12:18 PM, Mike31mt said:

It's been happening this whole time. Trumps been talking about drug trafficking for like 10 years now.

I don't think we'll have a land invasion of Venezuela, if that's what you're thinking. A blockade, if anything.

😅

On 12/4/2025 at 9:09 AM, Mike31mt said:

Without a shadow of a doubt.

How do drugs get here? Magic?

They're not going to run them through 7 countries and then cross our border with Mexico.

They may not come directly from a Venezuelan power boat to the US, but you can bet your arse they're coming here on boats. Don't be naive

🤣

49 minutes ago, Bill said:

IIRC if the per barrel price gets that low it makes US production unprofitable.

I can tell you've watch Landman

So, there's a few things to bear in mind when talking about Venezuelan oil:

1. Oil reserves in Venezuela are clearly overstated -- the numbers come from PDVSA, the state run oil company. Where did they get the numbers? Well...they basically made them up and then Chavez ordered them never to reduce the estimate because he wanted to look strong. https://www.forbes.com/sites/rrapier/2016/07/01/venezuelas-oil-reserves-are-probably-vastly-overstated/ ; https://finance.yahoo.com/news/venezuela-says-it-has-the-worlds-largest-reserves-of-crude-oil-making-it-viable-is-a-whole-other-problem-181512098.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMAYqF3Efdkw_7eHhllXkavxIdvtaOFNCI_3RsKtAHpJkYuLJProwJ6D6Ok1iayPh5k40rL12YKf9tCoe5JJwdWIfTqlVsnVzeJrutAVf43_Cm2ISyKY-sfZknEkW2XnEAU9sF-MBgY3DqZdiFcoBLEXrdK3XOXAI_6WiFl24nRX

2. Oil in Venezuela isn't comparable to Saudi or other ME crude. Venezuelan oil is heavy, sour crude as opposed to light, sweet crude that comes from the ME. Heavy crude is harder to refine and produces significantly more byproducts. Refineries must be set up to process heavy crude, and many are not (to be fair, many US refiners are set up for it because they couldn't compete economically with foreign refineries that produce light, sweet crude). So heavy crude isn't really attractive at $50/bbl because of the added refining costs.

3. Most importantly, no oil companies are dumb enough to go into VZ again without serious guarantees and support from the government. They already had their assets seized once, and they're not signing up to spend billions when policy can be altered on the basis of a social media post.

4 minutes ago, HazletonEagle said:

I can tell you've watch Landman

Love that show, but I do miss Monty as a character.

2 minutes ago, vikas83 said:

So, there's a few things to bear in mind when talking about Venezuelan oil:

1. Oil reserves in Venezuela are clearly overstated -- the numbers come from PDVSA, the state run oil company. Where did they get the numbers? Well...they basically made them up and then Chavez ordered them never to reduce the estimate because he wanted to look strong. https://www.forbes.com/sites/rrapier/2016/07/01/venezuelas-oil-reserves-are-probably-vastly-overstated/ ; https://finance.yahoo.com/news/venezuela-says-it-has-the-worlds-largest-reserves-of-crude-oil-making-it-viable-is-a-whole-other-problem-181512098.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAMAYqF3Efdkw_7eHhllXkavxIdvtaOFNCI_3RsKtAHpJkYuLJProwJ6D6Ok1iayPh5k40rL12YKf9tCoe5JJwdWIfTqlVsnVzeJrutAVf43_Cm2ISyKY-sfZknEkW2XnEAU9sF-MBgY3DqZdiFcoBLEXrdK3XOXAI_6WiFl24nRX

2. Oil in Venezuela isn't comparable to Saudi or other ME crude. Venezuelan oil is heavy, sour crude as opposed to light, sweet crude that comes from the ME. Heavy crude is harder to refine and produces significantly more byproducts. Refineries must be set up to process heavy crude, and many are not (to be fair, many US refiners are set up for it because they couldn't compete economically with foreign refineries that produce light, sweet crude). So heavy crude isn't really attractive at $50/bbl because of the added refining costs.

3. Most importantly, no oil companies are dumb enough to go into VZ again without serious guarantees and support from the government. They already had their assets seized once, and they're not signing up to spend billions when policy can be altered on the basis of a social media post.

Donald John's word is his bond! He's a straight shooter! If he says it's, he'll follow through on it!

57 minutes ago, Bill said:

IIRC if the per barrel price gets that low it makes US production unprofitable.

I think at that number existing production is ok. Exploration and on-line of new production goes to hell.

I could be wrong.

7 minutes ago, BBE said:

I think at that number existing production is ok. Exploration and on-line of new production goes to hell.

I could be wrong.

I could be wrong on this, but I think one of the issues we have with our oil is that we more or less need to keep bringing new production on line.

At the end of the day we're taking action without regards to the second and so on order effects.

5 minutes ago, Bill said:

At the end of the day we're taking action without regards to the second and so on order effects.

Which more and more appears to be the preferred COA of our "leaders".

14 minutes ago, BBE said:

I think at that number existing production is ok. Exploration and on-line of new production goes to hell.

I could be wrong.

6 minutes ago, Bill said:

I could be wrong on this, but I think one of the issues we have with our oil is that we more or less need to keep bringing new production on line.

At the end of the day we're taking action without regards to the second and so on order effects.

So, you're both sort of right. At $50 per barrel, shale production basically becomes unprofitable and all exploration and new drilling activity stops. We do have some production at costs that still work at $50, but shale really doesn't, and certainly it stops any development of new wells. The thing with shale is you have to ALWAYS be drilling new wells to maintain production, because shale wells run dry quickly. So if oil went to $50, you'd see oil production drop as old wells complete and new ones aren't drilled. There's no reason to stop a producing well -- you'll just run it dry and not drill new ones.

Also, Venezuelan oil wouldn't be profitable to drill and produce at $50, but whatever...we know no one in the WH knows this.

5 minutes ago, vikas83 said:

So, you're both sort of right. At $50 per barrel, shale production basically becomes unprofitable and all exploration and new drilling activity stops. We do have some production at costs that still work at $50, but shale really doesn't, and certainly it stops any development of new wells. The thing with shale is you have to ALWAYS be drilling new wells to maintain production, because shale wells run dry quickly. So if oil went to $50, you'd see oil production drop as old wells complete and new ones aren't drilled. There's no reason to stop a producing well -- you'll just run it dry and not drill new ones.

Thanks for the clarification.

1 hour ago, dawkins4prez said:

Robbing Venezuela until oil goes under $50/barrel? That's the plan? i don't even know where to begin.

Makes perfect sense, cause at that point the "drill baby drill" will make zero sense cause it won't be financially feasible for companies in the US to do so. In fact, drill counts are already way down. I'm telling you, the American public is so freaking clueless when it comes to these things.

I work in the energy business (renewables) and can tell you all what Bill stated above is 100% accurate. $50/barrel oil will bring drilling for new wells to near full stop. This has been going on for decades now. Cheap oil means zero US exploration and new wells.

13 minutes ago, vikas83 said:

Also, Venezuelan oil wouldn't be profitable to drill and produce at $50, but whatever...we know no one in the WH knows this.

Take that back, Marxist!