Donald Trump said the Venezuelan oil industry could be booming again in 18 months. Here in Canada, we might have finished the first round of consultations on a new pipeline, but we won’t have concluded the court challenges to it.
This is the dilemma Canada is facing: We are still moving at Ottawa speed, meaning slow, while the Americans are talking about a breakneck pace in restoring Venezuela’s oil industry.
Carney has not changed his spots.
Venezuela: Trump announces plan to get up to 50M oil barrels
US President Donald Trump has announced that “interim authorities in Venezuela will be turning over” between 30 to 50 million barrels of sanctioned oil to the US.
“This oil will be sold at its market price, and that money will be controlled by me, as president of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!”
