Quote:
Originally Posted by ThePrince
And Trump already saying US oil companies will be going into Venezuela.
This should be a huge message to all Canadians, because at best, he’s going to use it as leverage for trade negotiations with Canada, and at worst, will use it to strong arm Canada into joining the US.
This should be a wake up call for Canada that diversifying export infrastructure should be the number 1 priority right now. And fast.
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Or it makes an already difficult project from a financial perspective even worse. If significant heavy oil makes it to the sea from Venezuelan sources that will depress prices, making it even less viable to finance and build a new pipeline and the corresponding production increase needed to fill it.