Gregory Brew
speaker
418 appearances
1 recordings
1 series
first heard Jan 2026
last heard 7 Jan
Gregory Brew’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.
Appearances
You're gonna have refineries and downstream assets that you're gonna send the crude to.
And when it comes to heavy sour,
From Venezuela or from Canada.
Refineries need to be built and optimized to take that crude.
Because otherwise, it's not going to be efficient.
Your refinery utilization isn't going to be where you want it to be.
Your margins are going to be tighter.
So Chevron spent.
A long time.
Developing their position in Venezuela.
Which from various points of view does go back, I think to the nineteen forties is where Chevron first began to expand its operations in in the Western Basin, the Maracaibo Basin.
They've built refineries in the US Gulf Coast that are optimized to take Venezuelan crude.
So the cost, the sunken cost for them is considerable.
And that's where it kind of always comes down to, right?
Other IOCs were willing to pull out of Venezuela, cut their losses, go elsewhere.
Chevron wasn't.
And part of that was due to how much money they had spent.
Part of that was due to their success at convincing.
the US government to allow them to remain, right?
Granting them sanctions, waivers, giv granting them special licenses to continue to operate.
Showing 121–140 of 418 · page 7 of 21
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