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From: Douglas Grandt answerthecall@icloud.

com
Subject:Venezuelan Oil Production Collapse Could Wreak Havoc on S.1460 and All of U.S.
Date:February 28, 2018 at 11:25 AM
To:Brian Hughes (Senate ENR Ctee-R) Brian_Hughes@energy.senate.gov, David Poyer (Senate ENR Ctee-D)
david_poyer@energy.senate.gov, Michael Pawlowski (Sen. Murkowski) michael_pawlowski@murkowski.senate.gov,
Travis Lumpkin (Sen. Cantwell) Travis_Lumpkin@cantwell.senate.gov
Cc: U. S. Senator Bernie Sanders senator@sanders.senate.gov, Michaeleen Crowell (Sen. Sanders)
Michaeleen_Crowell@sanders.senate.gov, Katie Thomas Katie_Thomas@sanders.senate.gov

Chairman Lisa Murkowski and S.1460 will be tested by Rex and Venezuela
.

Dear Chairman Lisa Murkowski and Ranking Member Maria Cantwell,


.
If you think S.1460 is solid “energy dominance” and “energy independence” policy, well
“you've got another think a comin” as my late Gramma Mary and my mother used to say.

The Senate Energy and Natural Resources Committee has nothing in S.1460 - Energy
and Natural Resources Act of 2017 for this downside eventuality (Bit.ly/OP26Feb18).
S.1460 MAY MAKE US ALL IMPOVERISHED, STARVING, DYING VENEZUELANS.

Venezuelan Oil Production Could Further Collapse


On New U.S. Sanctions
“If the U.S. expands sanctions on Venezuela to include the oil industry and restricts U.S.
exports of oil products that are crucial for diluting Venezuela’s extra-heavy oil, oil
production in the country sitting on the world’s largest oil reserves would further collapse.
“According to data by the EIA compiled by Bloomberg, Venezuela’s imports of heavy
naphtha from the U.S.—all of which comes from Gulf Coast refineries—are some 2 million
barrels per month.

“Oil production in the Orinoco oil belt, responsible for half of Venezuela’s crude oil
production of currently around 1.6 million bpd, depends on the imports of this heavy
naphtha from the U.S., which is blended with the thick tar-like extra-heavy oil to allow it to
flow through pipelines from Orinoco to Venezuela’s coasts for loading onto tankers.

“Earlier this month, U.S. Secretary of State Rex Tillerson said that the U.S. was
considering extending sanctions against Venezuela to include imports of Venezuelan crude
and exports of U.S. refined products to the troubled South American country. Currently,
sanctions target separate individuals from the Nicolas Maduro government as well as a
ban on U.S. banks and other institutions buying Venezuelan debt.

“According to analysts, while a U.S. ban on Venezuelan oil imports could hurt U.S. refiners,
restrictions on U.S. oil product exports to Venezuela could push Venezuela’s oil production
off the cliff.

https://oilprice.com/Energy/Crude-Oil/Venezuelan-Oil-Production-Could-Further-Collapse-
On-New-US-Sanctions.html