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America has long been surrounded by supplies of heavy oil - in California, Canada and Venezuela - most American refineries have tended to specialise in heavy oil. In the long run it’s not unfeasible that the US could begin to refit its refineries so they’re compatible with domestic shale oil. But up until now no-one thought that was worth doing because a) it’s very expensive b) it would take a long time and c) anyway, the US industry makes comparatively more money today from importing comparatively cheap oil (the heavy stuff sells for less, so Canada subsidies America here) and selling their expensive, light oil overseas.
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It's more than just oil. BRICS can swing the price and availability of markets for several commodities.President of Venezuela Nicolas Maduro made the remarks in an interview broadcast on the Venezolana de Television TV channel.
"As far as BRICS is concerned, I hope that the way will be cleared and that the reality will be recognized - Venezuela is part of BRICS," Maduro said.
In response to a question about Brazil's veto of Venezuela's accession to BRICS at the association's summit in Kazan, the president noted that "it is necessary to turn the page and look to the future".
Maduro said that the hero of Venezuela's national liberation struggle against Spanish colonial rule, Simon Bolivar, "dreamed of BRICS 200 years ago". The president recalled that the country's former leader, Hugo Chavez, "saw Venezuela's path to BRICS and included this provision in the government's program".
Venezuela’s crude, primarily the Merey blend, has faced quality issues, including excessive sulphur content, which resulted in discounted sales. The oil’s heavy, viscous nature, coupled with high acidity, makes it difficult for many refineries to process.Venezuela's BRICS membership is a reality
TEHRAN, Jan. 28 (MNA) – Venezuela is part of BRICS, and the path to join this association is being cleared, President of Venezuela Nicolas Maduro said.en.mehrnews.com
In his first days back in office last week, the newly inaugurated president remarked that the US "no longer needs Venezuelan oil," reaffirming his position on the matter.
These statements seem to quell rumoursof potential collaboration with the Maduro regime in exchange for migrant repatriation and point to a re-evaluation of oil export licences, which had allowed companies like Chevron and others from Europe and Asia to resume production and exports of Venezuelan crude since the short-lived easing of sanctions under former President Joe Biden.
View attachment 27436US poised to cut Venezuelan oil ties as supply glut looms
Venezuela, once a significant supplier of crude oil to the United States, may be on the brink of losing its position as a key energy partner. ...
(What is the main thing the US actually imports from Canada? No, it’s not fentanyl. It’s crude oil)
View attachment 27437America has long been surrounded by supplies of heavy oil - in California, Canada and Venezuela - most American refineries have tended to specialise in heavy oil. In the long run it’s not unfeasible that the US could begin to refit its refineries so they’re compatible with domestic shale oil. But up until now no-one thought that was worth doing because a) it’s very expensive b) it would take a long time and c) anyway, the US industry makes comparatively more money today from importing comparatively cheap oil (the heavy stuff sells for less, so Canada subsidies America here) and selling their expensive, light oil overseas.
Tariffs or export levies (reciprocally from Canada) could prompt U.S. refineries to cut back or find substitutes for heavy Canadian crude, experts say, dragging down the price of Canada’s already highly discounted Western Canadian Select (WCS). Ultimately, the U.S. could invest in reconfiguring its refineries to run more domestic light crude.US poised to cut Venezuelan oil ties as supply glut looms
Venezuela, once a significant supplier of crude oil to the United States, may be on the brink of losing its position as a key energy partner. ...
President Donald Trump has said he will ask Saudi Arabia and other Opec nations to "bring down the cost of oil" and doubled-down on his threat to use tariffs. This sounds familiar.
Donald Trump to ask Opec to slash oil prices
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.(for Tec, YouTube & “Saudi Arabia Responds To Trump Oil Request: Thanks But No Thanks”)
OPEC to Trump: We Set the Price, Not You | OilPrice.com
OPEC has a very different agenda than Trump and is not going to do what he wants just because he asks nicely.“We don’t need them to make our cars, and they make a lot of them. We don’t need their lumber because we have our own forests. We don’t need their oil and gas. We have more than anybody.”Trump says 'we don't need' Canada's cars, lumber, oil and gas
Addressing global business leaders at the World Economic Forum in Davos, Switzerland, Donald Trump took another swipe at Canada, saying the U.S. doesn't need...
Trump also returned to his oft-repeated idea to make Canada the 51st U.S. state.
“As you probably know, I say you can always become a state,” he said. “Then if you’re a state, we won’t have a deficit, we won’t have to tariff you, et cetera, et cetera.”
“Negotiations with pointed guns and fingers on triggers aren’t usually effective negotiations.”Trump says ‘we don’t need’ Canada’s oil and gas | Globalnews.ca
Speaking virtually to the World Economic Forum in Davos, Switzerland, Trump also said he will press NATO members to increase their defence spending target to five per cent of GDP.
“Canada is in a trade war and that trade war is already lost. We lost (it) eight years ago,” said Strathcona Resources Ltd. chair Adam Waterous, referring to the cancellation of the Northern Gateway and Energy East pipeline projects. “Our only hope at this point is to sue for peace. Trump now has us over the proverbial oil barrel.”
More than 97 per cent of Canadian crude exports went to the U.S. in 2023, which has only marginally changed since the start-up of the Trans Mountain pipeline expansionlast year.
Canadian workers and business owners earned more income from oil and gas exports than any other exporting sector of the economy, including auto manufacturing, according to a recent analysis of Statistics Canada data by University of Calgary economist Trevor Tombe.'We only have one card to play': Calling Trump's bluff on Canadian oil
Canada's oilpatch would like to call Trump on saying the U.S. doesn't need Canada's oil and gas — but not by imposing export taxes. Read on.financialpost.com
The same analysis said oil and gas exports support more jobs than any other sector, with around 40 per cent of those jobs outside Alberta.
View attachment 27438
Apparently, the BRICS economies also account for an estimated 37.3% of global gross domestic product based on purchasing power parity. China alone represents 19.05% while India accounts for 8.23%, according to the International Monetary Fund. Meanwhile, the United States and the European Union account for roughly 14.5% each…& I think I read somewhere that the BRICS are 1/2 the world’s population.
Yes. I mentioned their GDP capabilities compared to ours. They have a huge edge.
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Wutabout when the U.S. is in a bloc that includes Russia and China?I wonder how much the CCP is paying Fiorito. Worst fucking idea I've heard of. I'd rather become part of the US than be part of ANY bloc than includes Russia and/or China. The ties we DO have with China are part the fucking reason Canada is falling apart at the seams.
We have a federal govt that treats the country's fentanyl crisis like it's some kind of goddam opportunity. Makes me wonder why this govt has weakened our borders and have actually tried to legitimize fentanyl abuse. But we all know why. The Liberals are in bed with CCP and their international crime syndicate. No foreign interference of any seriousness was found apparently because it would absolutely destroy the Liberal party and likely land several of them in prison as a result.
This is straight up complicity on the part of Trudeau. And the shit goes deep, even beyond federal politics. When Ford announced he was closing "safe injection" sites in Ontario some fuckwit actually said he can't do that without public consultation. Now, I'm pretty goddam sure no members of the public were consulted before they started opening these places up 2 blocks from schools. I just can't see anyone thinking those were suitable locations. Especially after all the stink about how weed shops shouldn't be close to schools. Yet somehow a place for drug addicts to hang out and do drugs near schools wasn't problematic.
I know it may sound nuts but just think about it. The Liberals are being paid off to look the other way as China ships fentanyl pre-cursors into Canada. At one point early in Trudeau's tenure Xi told him that he could do something about the fentanyl pre-cursors illegally entering Canada if Trudeau would let him install a Chinese police station in Vancouver. Now there's Chinese police stations in a few cities in Canada and yet the pre-cursors are still a' flowin' in.
But yeah, we should definitely hook up with China and BRICS. Hey, maybe we can become part of China's BRI. That would be just titties and beer.
Its about feeding the Homeless/Addicition Industrial complex. There is a lot of money make syphoning and launder through NGOs not to mention CUPE memberships.
BRICS is all dicktatorships. TurdOWE would feel at home there. Carney as well.I wonder how much the CCP is paying Fiorito. Worst fucking idea I've heard of. I'd rather become part of the US than be part of ANY bloc than includes Russia and/or China. The ties we DO have with China are part the fucking reason Canada is falling apart at the seams.
We have a federal govt that treats the country's fentanyl crisis like it's some kind of goddam opportunity. Makes me wonder why this govt has weakened our borders and have actually tried to legitimize fentanyl abuse. But we all know why. The Liberals are in bed with CCP and their international crime syndicate. No foreign interference of any seriousness was found apparently because it would absolutely destroy the Liberal party and likely land several of them in prison as a result.
This is straight up complicity on the part of Trudeau. And the shit goes deep, even beyond federal politics. When Ford announced he was closing "safe injection" sites in Ontario some fuckwit actually said he can't do that without public consultation. Now, I'm pretty goddam sure no members of the public were consulted before they started opening these places up 2 blocks from schools. I just can't see anyone thinking those were suitable locations. Especially after all the stink about how weed shops shouldn't be close to schools. Yet somehow a place for drug addicts to hang out and do drugs near schools wasn't problematic.
I know it may sound nuts but just think about it. The Liberals are being paid off to look the other way as China ships fentanyl pre-cursors into Canada. At one point early in Trudeau's tenure Xi told him that he could do something about the fentanyl pre-cursors illegally entering Canada if Trudeau would let him install a Chinese police station in Vancouver. Now there's Chinese police stations in a few cities in Canada and yet the pre-cursors are still a' flowin' in.
But yeah, we should definitely hook up with China and BRICS. Hey, maybe we can become part of China's BRI. That would be just titties and beer.
Interesting clip on the news a day or so ago. It was tied to Amazon closing their warehouses in Quebec. Some CUPE leader is demanding that the government(taxpayers) take over ALL businesses that leave Canada, and ruin them with CUPE members.
Hope so. All labour unions did was make people lazy and useless. And public sector unions should be banned, period.
I view my union as a benefit supplier and job board. Which is what they were supposed to be.
True. Nothing keeps you on your toes like an arbitrary boss who can fire you if he's having a bad day.
