US Edition
Has Trump Landed a Dud with His Venezuelan Oil Play?
The U.S. Department of Energy permits sales of 30 to 50 million barrels of Venezuelan crude to increase global oil supply amid changing market conditions.
4 Articles
4 Articles
The past and potential of Venezuela's oil sector, and the implications for Canada
US President Donald Trump's ambition to have US energy companies swoop in and revive Venezuela's beleaguered oil industry has raised questions about what it means for Canadian oilsands producers and whether it's a task American supermajors can or even want to take on.
The nail in the coffin has come out – those who suspected imperialist intentions behind Donald Trump’s actions nodded their heads when the American president repeatedly stated at his press conference last Saturday that by removing Nicolás Maduro, they would get back the oil that Venezuela had taken from them. Venezuela was once the founder of OPEC, the Organization of the Petroleum Exporting Countries, and an oil superpower. The oil sector was a…
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