On The Line: So ... what does this Venezuela thing mean for Alberta's oil?

Today on On The Line, host Jen Gerson is joined by Heather Exner-Pirot, Director of Energy, Natural Resources, and Environment at the Macdonald-Laurier Institute, for a wide-ranging conversation about geopolitics, energy, and whether the sky is really falling.Exner-Pirot does her level best to check some of Gerson’s winter blues as they work through the implications of the U.S. capture of Venezuelan President Nicolás Maduro. It’s grim news for Venezuela, and the conversation reflects growing evidence that Washington’s actions are being driven by a mix of greed, urgency, and a remarkably thin after-plan. Every passing hour seems to underline how little thought has gone into what comes next.But while Gerson is deeply skeptical about American competence and intentions, Exner-Pirot is far less alarmed about what this episode means for Canada — particularly for Canadian energy and resource industries. In some respects, she’s even optimistic, arguing that U.S. policy has a tendency to swing hard before snapping back toward something more pragmatic once reality intrudes. Canada, she suggests, may ultimately benefit from that correction.Gerson isn’t convinced, and she pushes hard on whether this faith in eventual American course-correction is warranted, or simply a comforting story Canadians tell themselves. It’s a sharp, good-faith disagreement about risk, realism, and how much trust Canada can afford to place in its closest ally during a period of global instability.As always, we’ll leave it to you to decide who’s right.With this episode, The Line’s podcasts are back for 2026. Hope you didn’t miss us too much, and don’t miss an episode. Subscribe at ReadTheLine.ca, follow us on your favourite podcast app, and don’t forget to leave us a nice review. Audio drops every Tuesday morning, with video rolling out Tuesday evening on YouTube and our social channels. Catch it wherever you listen or watch.YouTube:Video goes live in 30 minutes, at 7:00 Eastern and 5:00 Mountain.Spotify:Apple:And plenty more options here.We hope you enjoy the episode — and don’t miss us next week. We’ll be back with more On The Line.The Line is entirely reader and advertiser funded — no federal subsidy for us! If you value our work, have already subscribed, and still worry about what will happen when the conventional media finishes collapsing, please make a donation today. Please note: a donation is not a subscription, and will not grant access to paywalled content. It’s just a way of thanking us for what we do. If you’re looking to subscribe and get full access, it’s that other blue button!The Line is Canada’s last, best hope for irreverent commentary. We reject bullshit. We love lively writing. Please consider supporting us by subscribing. Please follow us on social media! Facebook x 2: On The Line Podcast here, and The Line Podcast here. Instagram. Also: TikTok. BlueSky. LinkedIn. Matt’s Twitter. The Line’s Twitter.Jen’s Twitter. Contact us by email: [email protected] Get full access to The Line at www.readtheline.ca/subscribe