US EditionThe Venezuela Crisis Has Prompted Canada to Double Down on Oil. Is that the Right Move?
Rebuilding Venezuela’s oil industry faces delays and $110 billion costs with U.S. firms hesitant despite Trump’s claims and potential geopolitical leverage against China.
6 Articles
6 Articles
The Venezuela crisis has prompted Canada to double down on oil. Is that the right move?
Any global crisis will have the fossil fuel industry and its allies pushing more oil and gas, but nothing about the US's takeover of Venezuela changes the long term forecast for oil demand or the climate science demanding an energy transition.
The president of Mexico, Claudia Sheinbaum, has said that it is Venezuela, and not the United States, the country that must choose the future use of its oil after the statements of the U.S. president, Donald Trump, in which she has assured that the oil giants of the United States are prepared to spend "thousands and billions of dollars" on rebuilding the Venezuelan oil industry after the attack on Venezuela and the capture of its president, Nico…
Ensuring that the US intervened militarily in Venezuela to take control of its oil industry has become common knowledge. Reality suggests that the reactivation of energy production is much more difficult to achieve
The extraction of Venezuelan oil is even more gas-emitting than lighter oils. This could be one of the obstacles to Donald Trump's ambitions, according to many experts.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
