The Trump administration has signaled plans to revive Venezuelan oil production and direct large volumes to U.S. refiners. Many of these are already designed to process heavy crude similar to Canada’s oil sands blends. A resurgence of Venezuelan barrels into the U.S. Gulf Coast would benefit American refiners while increasing competition for Canadian crude, potentially pressuring prices and export volumes. Canada’s long-running debate over how to get its oil to market took an unexpected turn this week after British Columbia Premier David Eby argued that Ottawa should prioritize building refineries rather than new export pipelines, reframing a discussion that has dominated Canadian energy politics for years. Eby’s comments come as U.S. actions in Venezuela add uncertainty to global oil markets and renew attention on Canada’s reliance on the United States as its main crude buyer. Instead of pushing raw oil to tidewater for export, Eby has suggested Canada should invest in domestic refining capacity to capture more value at home and reduce dependence on foreign processors. Or?..... we just merge and save billions. 😁 🇺🇸 🍁 "Every nation deserves its government." - Theodore Roosevelt https://oilprice.com/Energy/Crude-Oil/Why-Canada-Is-Rethinking-Pipelines-and-Rediscovering-Refineries.html
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Rob Thos@rob_thos · 8mo
Canada was an athlete in their prime with Harper, paralyzed from the neck down by the car wreck known as the Liberals. Now all we do is talk.
Blair @tackaberry17 · 8mo
Just my opinion but both is the answer & should have been started 25 years ago - but politicians & way too many "stakeholders" at the table have turned it into long running cluster f**k.
