president Maduro captured after US strikes

[David64]

The need for oil is not going to disappear any time soon. Our entire lives depend on it. From fuel to plastics and the other 5999 things that are petroleum based, oil will be in demand for a long time to come.

Electric vehicles are a niche market. If you live in a city and drive 50 miles a day and can charge your car overnight, that fine. Until you can charge a battery as fast as I can fill up a tank of gas, those of us in rural areas have no use for them and farmers just laugh at the idea of an electric combine. Live in a cold climate ? Good luck with that battery.

I drive through Southern Illinois a lot and they have solar panels going in everywhere.

Guess what happened to those panels when the first big thunderstorm hit ? Yeah. Some went that way and some went over there and the community who depended on them for power had to fall back to good ol' oil power for their electricity.

Oil is not going anywhere.

[quintessentone]

Which has nothing to do with you posts this..


So I pointed out…

Shrugs.  China uses around 16 million barrels of oil a day.

Venezuela capacity ships roughly an average of 800,000 to a million barrels a day.

Added

[Image: https://denyignorance.com/uploader/image...f2246.jpeg]
https://www.fdd.org/analysis/2025/11/19/...e%20total.

The initial context of our discussion was me asking who will buy Venezuelan oil now that China has switched their supplier to Iran?

You are confusing yourself with worldwide stats that don't address the simple fact that China was and no longer is Venezuela's (USA's) biggest oil customer. You need to look at the sales numbers.

"Who buys Venezuelan oil?So Trump is going in for the oil, but who buys it now? At present, Venezuela’s oil exports have been slowly growing, and were up to 10.5% in 2024, with China shipping home a whopping 68%.
The U.S. still accounted for 23%, making it the second-largest buyer but Spain and Cuba (4% each) also contributed to the sales, with Singapore, Malaysia, and Russia also taking some too."

Who buys oil from Venezuela? These are the biggest buyers of Venezuelan crude - AS USA

[ElitePlebeian]

I think that would depend on whether or not countries are moving away from fossil fuels.

"Oil consumption by country 2025
The United States, China, India, Japan, Russia, and Saudi Arabia are among the countries experiencing downward trends in oil consumption. These nations are facing various challenges that are contributing to a decrease in oil demand, such as the rapid adoption of electric vehicles, growth in natural gas-powered trucks, and a downturn in the property sector in China. The United States, with its high level of industrial activity and energy requirements, continues to be the largest oil consumer globally. However, the trend of oil consumption among OECD countries is forecasted to decline by 1.7 million barrels per day through 2030, indicating a shift in the global energy landscape. 

IEA – International Energy Agency+1"

First oil is used for a lot more than gasoline and we will always be dependent on it. Its even in our best interest to maintain quite a big production. On top of that the world has been moving away from it for years now, I think selling oil wont be an issue for at least another 50 years. So completely not an issue right now.

[WallFlowerActive]

Now add to the complexity of the potential influx of Chinese affordable (dirt cheap) electric vehicles worldwide and what do you think will happen?

Global Oil Consumption Reaches All-Time HighJuly 14, 2025 
https://finance.yahoo.com/news/global-oi...yx592El4A8

Do you understand how many plastics and chemicals are used by the world with growing demands that use oil to be produced. 

Hydrocarbon fuels is the most plentiful supply to get hydrogen for anything like making hydrogen fuels to getting hydrogen to combine with nitrogen to make ammonia.

[quintessentone]

First oil is used for a lot more than gasoline and we will always be dependent on it. Its even in our best interest to maintain quite a big production. On top of that the world has been moving away from it for years now, I think selling oil wont be an issue for at least another 50 years. So completely not an issue right now.

I'm thinking the impacts will be felt within the next 10 years.

"With the rapid rise of EVs and improvements in battery technology and charging infrastructure, the foundations of oil’s specialization are beginning to erode. Unlike other fuels, such as natural gas – which faces substitutes in each of its applications – oil has long enjoyed an exclusive, irreplaceable role in transport. If that is undone, it will mark a turning point for the oil market."

Rethinking oil demand in the EV era – GIS Reports

Yeah, the trucking industry's shift to electric will be the move because it will save the company a lot of money.

"The Rise of Electric Trucks: Benefits and Challenges
The shift to electric trucks in the trucking industry is not just a trend but a necessity. The benefits include reduced emissions, lower operating costs, and government incentives. However, the challenges involve infrastructure costs, the need for coordinated charging strategies, and the transition period. Major companies like Walmart, J.B. Hunt, and PepsiCo are leading the charge in fleet electrification, signaling a potential turning point for a traditionally diesel-dependent industry. 

truckclub.com+1"


USA's actions in Venezuela have lost many oil customers, is what it looks like to me.

[WallFlowerActive]

The initial context of our discussion was me asking who will buy Venezuelan oil now that China has switched their supplier to Iran?

This is what you posted.

It appears that China, who until recently bought 68% of Venezuela's oil, has selected another supplier (Iran). Who will the U.S. sell Venezuela's oil to now?

So I pointed out…

Shrugs.  China uses around 16 million barrels of oil a day.

Venezuela capacity ships roughly an average of 800,000 to a million barrels a day.

Added


https://www.fdd.org/analysis/2025/11/19/...e%20total.


As in.  I’m sure the sale of Venezuelan oil and it’s revenue ment lots to Maduro to buy his military toys.  Where the profits wasn’t going to really help the people. Where Maduro through neglect let oil production slip from 3 million barrels a day to less than 1 million barrels a day.  If Venezuelan crude just disappeared off the market, it’s not really going to be missed. Maduro through neglect let Venezuela as an oil producer / crude oil shipper become insignificant.

[quintessentone]

This is what you posted.


So I pointed out…

Shrugs.  China uses around 16 million barrels of oil a day.

Venezuela capacity ships roughly an average of 800,000 to a million barrels a day.

Added

[Image: https://denyignorance.com/uploader/image...f2246.jpeg]
https://www.fdd.org/analysis/2025/11/19/...e%20total.


As in.  I’m sure the sale of Venezuelan oil and it’s revenue ment lots to Maduro to buy his military toys.  Where the profits wasn’t going to really help the people. Where Maduro through neglect let oil production slip from 3 million barrels a day to less than 1 million barrels a day.  If Venezuelan crude just disappeared off the market, it’s not really going to be missed. Maduro through neglect let Venezuela as an oil producer / crude oil shipper become insignificant.

You keep avoiding the fact that China was Venezuela's largest oil customer and now they are gone as well as other countries, such as Russia, Turkey (?), Cuba, Brazil, and any other country that will not be trading with Trump. How do you think all those lost sales because of political reasons will cut into Venezuela's 800,000 barrels sold a day?

[WallFlowerActive]

I'm thinking the impacts will be felt within the next 10 years.

Yet the trend is still up for crude oil consumption with the human population still increasing.   Where hydrocarbon crude is still the easiest and most economical way to get hydrocarbons/ hydrogen for industries that need them.  Especially in the plastics industry, chemical industry, and even in farming for fertilizer for making ammonia.  All industries with growing demand.  Also for rocket fuel.  And I don’t see the airline / air cargo industry switching to large electric prop driven planes anytime soon.  Definitely not in the next 10 years.

[quintessentone]

Yet the trend is still up for crude oil consumption with the human population still increasing.   Where hydrocarbon crude is still the easiest and most economical way to get hydrocarbons/ hydrogen for industries that need them.  Especially in the plastics industry, chemical industry, and even in farming for fertilizer for making ammonia.  All industries with growing demand.  Also for rocket fuel.  And I don’t see the airline / air cargo industry switching to large electric prop driven planes anytime soon.  Definitely not in the next 10 years.

From your own source posted previously, it states that oil consumption is not going up but some heading into plateauing while others are decreasing. Do you not read your own sources?

------

In the context of our discussion as to Venezuela's customers, if their customers are or will require less oil because of alternate energy choices and also because of political reasons, it is speculated by me that oil sales for US/Venezuela oil will decrease thereby making this whole oil grab endeavour by your country a futile effort and at great cost to you the taxpayer.

------------

"Countries like China and those in the OECD are experiencing downward trends in oil consumption due to various factors, including the rise of electric vehicles and changes in energy policies.Key Insights on Oil Consumption Trends

1. China: After a significant surge in oil demand post-COVID-19, China's oil consumption growth has slowed markedly. In 2024, oil use rose by only 0.8%, a stark contrast to the 8.7% increase in 2023. This slowdown is attributed to several factors, including the rapid deployment of electric vehicles, growth in natural gas-powered transportation, and the expansion of high-speed rail systems. 
   
   
2. OECD Countries: The International Energy Agency (IEA) forecasts that oil consumption among OECD countries will decline by approximately 1.7 million barrels per day (mb/d) through 2030. This trend reflects a broader shift towards more sustainable energy practices and the adoption of alternative energy sources. 
   
   
3. Global Trends: Overall, global oil demand growth has slowed, with oil's share of total energy demand falling below 30% for the first time. This decline is influenced by structural macroeconomic trends and the increasing impact of electric vehicles and renewable energy sources. 
   
   
   
4. 
   2 Sources"
   

[WallFlowerActive]

You keep avoiding the fact that China was Venezuela's largest oil customer and now they are gone as well as other countries, such as Russia, Turkey (?), Cuba, Brazil, and any other country that will not be trading with Trump. How do you think all those lost sales because of political reasons will cut into Venezuela's 800,000 barrels sold a day?

At around a million barrels a day.   Venezuela production really didn’t mean squat to the world.

As time goes on, the crude in the ground might mean something.  But at current production rates, Venezuela production is a drop in the bucket.  








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