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ChicagoTeamster

(1,229 posts)

23. The US petroleum industry hasn't increased storage or refining capacity since mid 70s. Who will refine the oil ?

Tue Jan 6, 2026, 09:56 PM

Jan 2026

CITGO (Paul Singer) already has refineries in the US for Venezuelan PDVSA oil but they should also already have oil to refine so where will this oil that Trump is talking about going to be stored while awaiting refining or while awaiting sale or both? If they aren't going to refine it who is. Refineries are specifically calibrated for the crude to be refined and recalibration takes time and a huge up front investment.

He's talking out his butt as usual.

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Trump: "... This Oil will be sold at its Market Price, and that money will be controlled by me, as President" [View all] demmiblue Jan 2026 OP

Isnt the current market price below Johonny Jan 2026 #1

US taxpayers will pay for the shipping and refining. Traitor takes the cash sales Arazi Jan 2026 #3

+1 dalton99a Jan 2026 #4

The very definition of blood for oil. Traitor is drenched in blood Arazi Jan 2026 #2

Erin Burnett is leading with this story senseandsensibility Jan 2026 #5

I'm sure the money you collect will go to the people of Venezuela. Right? Autumn Jan 2026 #6

Maybe he'll want to use it... WestMichRad Jan 2026 #25

He has a few building projects in mind. Maru Kitteh Jan 2026 #26

Are there any honest people in the Trump admin to actually see the money and count it and riversedge Jan 2026 #7

Is that a rhetorical question? choie Jan 2026 #15

He is an insane bully. Stuff: Botany Jan 2026 #8

Technically it might be the oil companies depending on what contracts they signed decades ago with Venezuela. cstanleytech Jan 2026 #29

You're right. Blue_Roses Jan 2026 #40

Fuckin' thief. SamKnause Jan 2026 #9

50mm @$60 a bbl is a 3billion$ "cut" for VonSchitzInPants. NoMoreRepugs Jan 2026 #10

By that logic he can steal anything: your house, food, car, bank accounts, assets bucolic_frolic Jan 2026 #11

What. The. Actual..... Maeve Jan 2026 #12

Kingpin Pedorapist is a terrorist. Justice matters. Jan 2026 #13

This is like the hugest, most blatant, least concealed shakedown in all recorded history 0rganism Jan 2026 #14

Fuck him purr-rat beauty Jan 2026 #16

Another Iran-Contra? BoycottTwitter Jan 2026 #17

Trump has confessed to engaging in a war of aggression - a crime against peace under the Nuremberg decisions. TomSlick Jan 2026 #18

Sounds legit. Beartracks Jan 2026 #19

So, it will go directly Bettie Jan 2026 #20

I think he will give Americans J-9 Jan 2026 #21

Not for this American BeneteauBum Jan 2026 #22

The US petroleum industry hasn't increased storage or refining capacity since mid 70s. Who will refine the oil ? ChicagoTeamster Jan 2026 #23

Yes. Venezuelan oil is "heavy, sour" crude which is high in sulphur content. John1956PA Jan 2026 #30

Anyone tell him the tremendous costs of that oil? IronLionZion Jan 2026 #24

This just keeps blowing my mind over and over, like I'm stuck in a bizarre paradoxical loop of shock and disgust 0rganism Jan 2026 #27

I see. Well buy Greenland and we will get Venezuela to pay for it. mjvpi Jan 2026 #28

Weirdo Emile Jan 2026 #31

"Kleptocracy is my favorite way of making money!" struggle4progress Jan 2026 #32

"It's reverse Robin Hood: we steal from the poor and give to the rich!": struggle4progress Jan 2026 #33

Taking more foreign emoluments. James48 Jan 2026 #34

We are literally a bunch of pirates. AllyCat Jan 2026 #35

Congressionally-approved purse-snatching C_U_L8R Jan 2026 #36

Has Trump gone full-communist now ??? Jack Valentino Jan 2026 #37

Congress has the power of the purse not the executive branch questionseverything Jan 2026 #38

Extortion Blue Full Moon Jan 2026 #39