RE: The Dutch Curse and VENEZUELA's Oil

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Venezuela has the world's largest oil reserves. The problem is that it's heavy oil, which is more expensive to process. It requires chemical inputs that the United States has to sell them. That's why the industry relies on exporting crude oil.



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Heavy oil means raw? fossilized like that? Why not coordinate with middle east? Much be cheaper processing there. Well basically, if ever they have this resources known in the first place, they should just built processing plant in the first place.. but then again.. politics.. wew

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