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Reply #38: Within 2 years, Venezuela will no longer need to sell to us if they don't want to. [View All]

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Viva_La_Revolution Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Dec-08-07 11:53 AM
Response to Reply #16
38. Within 2 years, Venezuela will no longer need to sell to us if they don't want to.
Many analysts also believe that the concentration of Venezuela's oil refining capacity in the United States further hinders the reorientation of the country's oil exports away from the United States. Yet, Venezuela is involved in a myriad of new refinery projects in Asia, the Middle East and in Latin America. These new and upgraded refineries will all have the capacity to process Venezuela's crude oil. Meanwhile, Venezuela has been gradually unloading its U.S.-based oil refineries and terminating its long-standing gasoline supply contracts.
10-20-06
http://www.pinr.com/report.php?ac=view_report&report_id=572&language_id=1

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