the USA would run out of oil by April 15
That is not even remotely accurate. The US is the largest producer of oil in the world. Even moreso now that it is stealing the crude from Venezuela.
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the USA would run out of oil by April 15
That is not even remotely accurate. The US is the largest producer of oil in the world. Even moreso now that it is stealing the crude from Venezuela.
But the USA doesn't produce the kind of oil used to make gasoline, and the best case scenario with Venezuela is that they supply less than one percent (about 100,000 barrels) of the USA's daily petroleum needs (20,000,000 barrels). If Venezuela senses blood in the water, the situation could easily change.
The US mixes is domestic supply with heavier imported crude, namely Canadian. But Venezuelan crude will also work once the infrastructure is built up and running full-steam ahead. The crude flow shortage affects Europe greatly, and many of the smaller Asian countries, far more than it does the US. It tightens the overall supply, but the US is not reliant upon it.
It is far more dangerous for the US that countries are now paying for crude with yuan instead of the dollar. That is the major threat.
Does Canada produce Heavy Crude? I thought Canada had light sweet crude.
I'm pretty sure the Alberta tar sands produce a very heavy crude. I think the fracking/shale produces a light sweet crude
Oh and I forgot, the domino that makes the motherfucking AI bubble pop
I think it will just get more expensive, the hogs in amerikkka will be fine, they'll just pay $5/gallon. The global south will face the brunt of it, but with how many exemptions (Malaysia and the Philippines can pass freely) as well as other countries being able to pay tolls, we'll see how it plays out.