
Saudi and Iranian oil is light crude.
Venezuelan oil is 'extra-heavy' crude, even among heavy oils.
Even if they have the #1 reserves in the world, the quality is so shitty they can't really do anything with it.
At best, they were just offloading it for cheap to China.
"A deep dive into why Venezuelan oil is basically 'forbidden sludge' turns into a heated debate over AI-generated comments and a sudden tangent about Helldivers invading North Korea."
#MixedContinue Browsing