Well, so much for scientific research in Antarctica…it’s about to be a war zone.

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[–] 48 points 11 months ago (15 children)

For comparison, Venezuela has the world's largest oil reserve at 303 billion barrels.

Winter is coming.

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  • [–] 44 points 11 months ago* (5 children)

    Venezuela has the world’s largest oil reserve

    Is THAT why we have an aircraft carrier off the coast?

    They've got oil and they're NOT sharing it with rich people?

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  • [–] 9 points 11 months ago (2 children)

    I mean to be fair they just don't have the infrastructure to extract it anymore. Economic sanctions since the Obama years have mean that the equipment to extract crude has become hard to maintain.

    A graph showing the steep decline of venezuelan oil production since the US economic sanctions

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  • [–] 2 points 11 months ago (1 child)

    So, because they can't use it, we should take it?

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  • [–] 8 points 11 months ago*

    No. But they aren't refusing to sell it. They just don't have it. And are under various sanctions by the US, EU and most south American countries over human rights abuse so they probably couldn't sell oil anyway.

    Actually it's kinda ironic that Venezuela is under sanctions for human rights abuse but not the Gulf states.

    Oh and I wasn't actually trying to go anywhere with my comment but I do realize how it sounds now. But I am not in favor of invading anyone

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  • [–] 5 points 11 months ago (3 children)

    This could be a good thing for venezuelan fishermen.

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  • [–] 3 points 11 months ago* (2 children)

    I read somewhere that a large amount of the refining capacity in America is geared towards dilbit like the one that used to come from Venezuela and now from Canada. Perhaps Venezuelan fishermen's oil is still cheaper in the end and therefore more desirable.

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