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Reply to "How does taking the oil work?"
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[quote=Anonymous][quote=Anonymous]So will gas be going back down to $1.18/gal soon? That will be so cool![/quote] How do you get that? There is a surplus of 3.5-4 million barrels a day right now. In 5 years you might add be able to increase production by 1 million barrels a day. Which is nothing and it will not happen. What will happen is American oil companies will come in to Venezuela after extracting huge concessions from Trump and do nothing. All the American oil companies are heavily invested in Canada’s heavy oil. Venezuela is competition to these billion dollar investments made in Canada US oil companies will go to Venezuela to control production. They will not allow Venezuela to hurt their investments in Canada- ie Venezuela will continue to produce about a 1 million barrels a day. [/quote]
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