Thursday, March 28, 2013

Orinoco octane...

See chart (click to enlarge) from the US EIA: it illustrates petrol (Finished Motor Gasoline) exports from the USA to Venezuela ('000 Barrels/Day). This incredible fact tends to support last year's opinion that Venezuela's world leading oil reserves are irrelevant. Thank's to Setty's comment for the graph. Hat-tip: Caracas Chronicles "Somehow, Bolivarian anti-imperialism requires transferring $10 million a day more or less directly from Venezuela’s poor to U.S. gasoline refiners."

P.S. And for readers of Owsblog Nick Ripe will henceforth be called the well deserved name of New Krusty.

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