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After hearing US takes control over Venezuela (lemmy.world)
submitted 10 months ago by to c/politicalmemes@lemmy.ca
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[–] 1 point 10 months ago* (4 children)

Refineries that handle heavy crude can easily adapt to light crude, it's the other way around that doesn't happen.

The only reason they don't is because light oil is more expensive. There's no lack of oil for them.

Now we have an attack against an oil-producing country at a time the oil prices are the lowest they have been in many years. If this is about oil at all, it's to increase the price; but it's probably 100% about the Epstein files.

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  • [–] 4 points 10 months ago (2 children)

    I think they just want to resuscitate the oil industry (or at least save some of their investments) so they’re trying to force oil to gain back value by building gas AI centers. This strategy requires hyping both AI data centers and oil as desirable. Distracting from Epstein files is just a fringe benefit.

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  • [–] 2 points 10 months ago* (1 child)

    To put some more context there, those US wars are always started by some Republican government when the oil price is falling. They almost always succeed in stopping the fall or making them rebound.

    But correlation isn't causation. I don't think the US has fought any resources war since the 2 world wars. And they weren't in those for the resources either, even though both had an important resource sub-plot going on.

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  • [–] 1 point 10 months ago* (last edited 10 months ago)

    You have any source for that? No, they can not “easily adapt” to light sweet crude. Even if they do, which is very expensive, they produce less diesel and av fuel, which the US needs.

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