Varcoe: 'Significant competitive threat': U.S. oil deal with Venezuela has ramifications for Alberta oilsands
'For Canada, we should be doubling down on our pipeline to the West Coast, because it could create some challenge long term. I don't see any challenge short term. Venezuela is going to take a while to develop,' said Bob Geddes
US officials defended President Donald Trump's oil deal with Venezuela, claiming it lowers oil prices for Americans and counters Russian and Chinese influence near Washington. The Venezuelan government-backed National Assembly approved the multibillion-dollar agreement, which gives the US control of about one-fifth of Venezuelan reserves.
However, there are concerns about the deal, coming amid US control over Venezuela's government after toppling President Nicolas Maduro in January. Trump met with oil executives at the White House, aiming to lower gas prices due to the Iran war. US Energy Secretary Chris Wright will visit Venezuela later to sign the agreement, with oil giant Chevron announcing a major expansion on the same day.
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- US defends Trump's Venezuela oil deal channelnewsasia.com
- US defends Trump’s Venezuela oil deal freemalaysiatoday.com
- US defends Trump's Venezuela oil deal lemonde.fr
