US Military News, Reports, Data, etc.

G

gelgoog

Lieutenant General
Registered Member
SlothmanAllen said:
The US is now the worlds largest oil and natural gas producer. What motivation does it have for Venezuelan oil?
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Shale gets you light oil. Not heavy oil.

SlothmanAllen said:
What percentage of oil does the US take from Iraq? I honestly think the whole, "invade a country to take its oil" schtick is overrated when it comes to America.
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Iraq has to deposit all its oil revenues in US banks. And the US decides how the Iraqi government spends their own money.
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vincent

vincent

Grumpy Old Man
Staff member
Moderator - World Affairs
SlothmanAllen said:
The US is now the worlds largest oil and natural gas producer. What motivation does it have for Venezuelan oil? What percentage of oil does the US take from Iraq? I honestly think the whole, "invade a country to take its oil" schtick is overrated when it comes to America.
Click to expand...
There are different grades of oil. Shale oils are light oils that can’t be refined into diesels and other products.
 
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