U.S. Eyes Venezuela Oil as Canada Watches | Calgary News

The U.S. is eyeing control of 20% of Venezuela’s vast oil reserves, sparking talk of boosting production—and possibly a message to Canada’s oil sector. But Canadian producers aren’t rattled: their industry is hitting record output with stable infrastructure and political conditions, while Venezuela’s oil future remains uncertain due to crumbling infrastructure and political chaos. Experts say meaningful export growth there could take 5–10 years. The U.S. deal’s mixed messaging—balancing control with sovereignty claims—has Canadian execs on the sidelines, waiting for real barrels before reacting. For now, Canada’s focus stays firmly on its own proven strengths and expanding markets. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/75f8f11aeba81603