Jorge, there’s also the practicality of this deal that you alluded to a moment ago. The White House is talking about controlling 65 billion barrels of Venezuelan oil, but how much of that oil can actually be brought to market? Like what kind of refinement are we talking about and how quickly can it actually get pumped into cars?
I have never heard of an extra-heavy oil going into the SPR. The SPRs are these huge salt caverns, four of them, that we have in Texas and in Louisiana, where we store light and medium crudes in the case of a national emergency. You cannot store heavy Orinoco oil and then mix it and blend it with this medium-high-quality crude, because eventually it’ll be very difficult, if not impossible, to pump out.
So, the fact that somebody said in the White House, or in Washington, that part of that oil is going to go to the SPR, that it’s going to replace some of the oil that was taken out in March by this administration out of the Strategic Petroleum Reserves, that’s wrong. You can’t do that. Again, it shows a lack of knowledge as far as the industry is concerned.