So deep breath, Canada produces 5MM BPD
Venezuala currently produces 1MM BPD
Canada has pipeline setup to deliver right to the gulf, with a government here that is fully cooperative.
Who knows who is running the show down there. How much investment is needed, and if they have enough skilled locals to operate above 1MM BPD. Its not about fixed assets, manpower is critical for project and ops.
I am almost wondering how involved the Oil sector was in the USA. Frankly they might be spitting out coffee when they heard this. It may get there but its not lego to pop in and fix in a jiffy on assets and manpower
My guess this goes way of Syria and goes quiet, as most of Trump overhype does
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