Venezuela's Oil Revival Threatens Canadian Energy Sector
TL;DR Summary
A potential regime change in Venezuela could lead to increased oil production, impacting global and Canadian oil markets by lowering heavy crude prices, challenging Canada's energy sector, and prompting calls for economic diversification, though a large-scale Venezuelan oil revival remains unlikely due to infrastructural and political challenges.
- A regime change in Venezuela could have grim consequences for Canada’s oil sector The Conversation
- A Revival of Venezuela’s Oil Industry Poses a Challenge for Canada The New York Times
- Canada's cheaper, cleaner and lower-risk oil can rival a resurgent Venezuela, Carney says CBC
- Carney Stresses Venezuela’s Sovereignty After Call With Machado Bloomberg.com
- More Venezuelan Oil Is Bad News for Canadian Energy Companies The Wall Street Journal
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