🇺🇸🇮🇷 The war explained in 10 seconds
Venezuelan oil is extra-heavy (very low API gravity, around 8-10° or less), thick like tar/resin, with a high percentage of sulfur, metals and asphaltenes.
It does not flow easily, is difficult to transport by pipeline or ship without heating, and requires expensive refineries for processing. Without dilution, production and exports are limited.
Iran produces light oil (Iranian Light ~34-36° API) and gas condensate (very light and volatile).
This acts as a diluent: it reduces viscosity, increases API gravity and makes the mixture easier to transport and refine.
Typical ratio: 3:1 (3 barrels Venezuelan heavy + 1 barrel Iranian light/condensate) → produces Merey 16 or a similar blend (around 16° API), which is popular with Asian refineries (especially China).
This is what China used to do by importing both of them. Mixing.
This is what the US is now trying to do, huge profits.
@Megatron_ron
🇪🇺🛢 Another Critical Oil Waterway Is About to Close
With apologies to Oscar Wilde, to lose one critical waterway may be regarded as misfortune; to lose two looks like carelessness. Of course, we’re long past carelessness and are now barreling toward disaster, with three already lost (the Strait of Hormuz, the Black Sea ports and the Red Sea’s Bab el-Mandeb) and a fourth poised to join their ranks: the mighty Rhine.
The river, which stretches across northwest Europe, doesn’t have the geopolitical pedigree of some of the other waterways in the headlines lately. But it’s similarly essential, acting as a conveyor belt that connects chemical plants, oil refineries, steel foundries, coal-fired power stations and other manufacturing sites across Switzerland, Germany and France with the Dutch ports. BASF SE, the German chemical behemoth, describes its importance in hyperbolic terms: “Without the Rhine, industrial production in western Europe would collapse.”
The river is one of ...
⚡️🇺🇸🇮🇷 US CENTCOM:
At 5:45 p.m. ET today, Islamic Revolutionary Guard Corps forces launched multiple ballistic missiles from Iran in an attempted surprise attack on U.S. forces based in the Middle East. All Iranian missiles were successfully intercepted. U.S. forces remain vigilant and at a high state of readiness.
@wfwitness