Chavez will soon cut the U.S. out of $48 trillion in Gulf oil
Everyone knows that Chavez is sitting on one of the world’s most impressive oil reserves, the vast Orinoco Basin. It holds nearly 600 billion barrels of “heavy” crude. The east Venezuela Basin (red) holds one of the world's largest reserves. This incredible deposit is worth $44 trillion at today’s prices, and holds enough oil to satisfy current U.S. consumption for 87 years.
However, Chavez kicked U.S. oil giants Exxon and Conoco/Phillips out of the Orinoco back in 2007. Then he forced the remaining oil majors to give much of their stakes to Venezuela’s own oil company, PDVSA. However, since the only refineries in the Gulf that can process heavy crude are based in the U.S., most analysts aren’t too worried that Chavez will cut off the U.S. from his oil.
But they’ll be worried soon…
That’s because PDVSA’s near monopoly on Caribbean oil drilling is forcing refineries in Jamaica, Curacao, the Dominican Republic, Trinidad and Tobago and Ecuador (I’m advising on the construction of this one) to swiftly adapt to “heavy” crude processing. This top-down domination of the supply chain will radically change the balance of Gulf oil production and distribution – especially to southern U.S. oil ports and refineries.
Think about it: With numerous heavy-crude-capable refineries under his thumb, Chavez would be able to channel his vast oil reserves to China and the rest of the world... INSTEAD OF THE U.S.
Talk about a “super shift” in the global energy market! The reason I know so much about this shift is because three of the key players who are making it happen met under my roof to discuss the matter in detail earlier this spring... I can’t name these individuals, but I can help you cash in on the shift they’re bringing about – if you move quickly.
No less than 12 easily traded plays on this unreported oil stranglehold are on my radar, just waiting for the right “trigger event” to send them to the moon...
And if you let me tap you into energy’s Inner Circle today, you’ll be ready to cash in on these pivotal events.
