by ROCKMAN » Wed 12 Apr 2017, 17:02:54
Why don't we just look at hyped bullsh*t the MSM puts out all by itself that confuses the public, such as:
"Russia is on the verge of taking control of a US oil company. In a crazy twist of international events, Russia's state-owned oil company Rosneft might end up owning Citgo, a US energy company based in Houston, Texas. This isn't a direct takeover. Instead, it hinges on the ability of Venezuela's state-run oil company to pay back its Russian loan. The Venezuelan company owns Citgo, which was used as collateral for the loan.
Members of Congress and senators warned that it could be a big problem for US national security if Russia gets a hold of Citgo. "We are extremely concerned that Rosneft's control of a major US energy supplier could pose a grave threat to American energy security, impact the flow and price of gasoline for American consumers, and expose critical US infrastructure to national security threats," a bipartisan group of senators led by Republican Marco Rubio of Florida and Democrat Bob Menendez of New Jersey wrote Monday in a letter to US Treasury Secretary Steve Mnuchin."
Oh my Dog! Those Russians might ship a lot of Citgo's refinery products out of the US and endanger our ENERGY INDEPENDENCE!!! Yep, export it along with with the rest of the almost 5 million bbls per day of products we already export. And guess what: some of that 5 mm bbls per day is already being exported to Venezuela:
"U.S. refining firm Citgo Petroleum is sending more products to its parent company, Venezuela's PDVSA, to compensate for problems in the South American country's domestic network, according to sources and Reuters data.
State-run PDVSA has shipped some 190,000 barrels per day (bpd) of crude to Citgo this year, but since the third quarter Citgo has sent a large volume of refined products to Venezuela in exchange to help the cash-strapped oil firm, the data show.
From August to mid-November, PDVSA has received three or four cargoes per month of U.S. products from Citgo of about 300,000 barrels each, including gasoline blend stock, diesel and naphtha, according to Thomson Reuters vessel tracking and trade flows data. That is up from five cargoes for the entire second half of 2015."