Wall Street Mav
Wall Street Mav|Jan 03, 2026 17:49
The USA just gained about 1 million bpd of heavy oil being shipped to refineries in Texas and Louisiana. It was going mostly to China. We have 2.6 million bpd of refinery capacity engineered for Venezuelan type heavy oil. They have been starved for oil in recent years due to Maduro and Chavez. They were forced to blend Canadian tar sand oil in recent years. Venezuela will likely be able to grow their oil production back to 3 million bpd like it was before Hugo Chavez's socialist takeover. About 2 million bpd was exported to the USA back then. This move will dramatically improve energy supply to the US economy.(Wall Street Mav)
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