Exposed: This is Trump’s crazy oil plan for Venezuela – and why it will fail

FURTHER CLARIFICATION

Good to see that Ben Norton has done some research into the physical nature of Venezuela’s oil reserves, and instead of simply repeating the idiot mantra “Venezuela has the biggest proven oil reserves in the world” brainlessly spewed out by the LEMSO (Lying Establishment Media Sewer Outlets), Ben stated that most Venezuelan oil today requires imported diluent for extraction and pipeline transport.

Nevertheless there is still a long way to go for GPE to report petroleum matters properly.

Most important is to use PROPER TERMINOLOGY as specifically and precisely defined by the doyens of petroleum geophysics, namely M King Hubbert, Colin Campbell and Jean Laherrère, honest unprostituted SCIENTISTS.

Why? Because using Orwellian doublethink neo-definitions that have been pretzelised by the oil majors and oil PROPAGANDISTS (bullshit terminology and false conflations by the EIA and IEA and especially CERA) simply serve to confuse and promote LIES which then convince sucker investors to part with their money in bullshit oily ventures.

One of the biggest lies is conflating UNCONVENTIONAL shale LTO (also gas condensates* etc) with CONVENTIONAL crude oil output, lumping them together on oil output graphs, which I have explained is a BULLSHIT, in my booklet here:

https://www.dropbox.com/scl/fi/disli90y1petqsz2g7noh/ITS-THE-OILCONOMY-STUPID-parts1to7.pdf?rlkey=s8ps9s14ym8g9kznc9c4o4jl0&st=ezqpebtz&dl=1

*Gas condensates are now re-branded by the propagandists as natural gas “LIQUIDS”, which is BULLSHIT because they are in fact GASES at STP. May as well describe IRON as a liquid, because it a liquid at 2000 deg Celsius. Such bullshit.

Other conflations are also highly problematic, eg describing Orinoco oil as “heavy crude”. This confuses people into thinking Orinoco oil is the same as the heavy crude that flows out of conventional oil wells in, say Russia or Saudi Arabia. IT IS NOT.

The proper term for Orinoco basin oil is UNCONVENTIONAL EXTRA-HEAVY crude, which does NOT flow out of wells and through pipes of its own accord.
This is essential to differentiate it from CONVENTIONAL heavy crude which DOES flow out of wells and through pipes of its own accord without needing steam injection or diluent.

The two have VERY VERY VERY different EROEI implications, which thus have HUGE economic and financial implications, which Ben also needs to research and report properly.

Other idiots keep calling shale oil “light sweet crude” because of the Goebbel-esque EIA, IEA and CERA deceitful conflations.
BULLSHIT.

Shale oil is volatile UNCONVENTIONAL LIGHT TIGHT OIL which CANNOT be fractionated into the workhorse fuels of industry and agriculture, diesel and jet fuel.

CONVENTIONAL light sweet crude however is FAR MORE VALUABLE than LTO because the forner CAN AND IS fractionated into the workhorse fuels of industry and agriculture, diesel and jet fuel.

Unless people use the proper terminologies, they will continue to be mindless brain hosts of the oil parasite propagandists who want to keep all of you ignorant and hoodwinked and invested in their SCAMS.

WAKE UP EVERYBODY, IT’S THE OILCONOMY STUPID!!!

—EAB