Venezuela’s oil reserves are concentrated primarily in the Orinoco Belt, a vast region in the eastern part of the country stretching across roughly 55,000 square kilometres (21,235sq miles).
The Orinoco Belt holds extra-heavy crude oil, which is highly viscous and dense, making it much harder and more expensive to extract than conventional crude. Producing oil from this region requires advanced techniques, such as steam injection and blending with lighter crudes to make it marketable.
Because of its density and sulphur content, extra-heavy crude usually sells at a discount compared with lighter, sweeter crudes.
And Trump thinks we’re going to “get rich” from this? Sad! 🍄
CLARIFICATION: None of this is meant to imply that it is in any way ok to invade other countries in the first place, whether their resources are of good quality or not! Imperialism is always despicable whether or not the invaders “benefit” from doing so.
ADDITIONAL EDIT: Mrs. Erinaceus thinks that this entire fiasco isn’t about the oil at all (although the Trumpster might think it is), it’s about threatening Cuba. And that went so well the last time the US tried it . . .
Venezuela has the world’s most oil: Why doesn’t it earn more from exports?
From the article:
And Trump thinks we’re going to “get rich” from this? Sad! 🍄
CLARIFICATION: None of this is meant to imply that it is in any way ok to invade other countries in the first place, whether their resources are of good quality or not! Imperialism is always despicable whether or not the invaders “benefit” from doing so.
ADDITIONAL EDIT: Mrs. Erinaceus thinks that this entire fiasco isn’t about the oil at all (although the Trumpster might think it is), it’s about threatening Cuba. And that went so well the last time the US tried it . . .