Tuesday, May 01, 2007

Venezuela bigger than Saudi Arabia?

Chavez nationalized heavy crude oil, the future of Venezuela. The article goes on to say that Venezuela has more crude oil reserves than Saudi Arabia. The US gets about 15% of its crude from Venezuela.

Right in our back yeard there is lots of oil. Sadly oil refineries to process th heavy crude are not being built so it will be painful at the pump for years to come.

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