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[–] 16 points 4 days ago (1 child)

Actually, most US refineries are set up to refine that heavy goop. It is not dissimilar to Alberta's tar sands product (bitumen). And most US oil comes from Canada.

Him getting this oil is a piece of leverage against Canada and trying to remove a card from Canada's deck against him taking our country.

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  • [–] 6 points 4 days ago (1 child)

    And it has the subtle weakness of a tanker and port bottleneck

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  • [–] 5 points 4 days ago (1 child)

    Also, as CBC pointed out this morning, this is basically the same annoucement he did when the US first took Venezeula.

    Since then, apparently none of the oil companies have moved into Venezeula, so this might be an attempt to get any traction there.

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  • [–] 2 points 4 days ago* (1 child)

    "Venezuela's oil exports fell slightly to 1.16 million barrels per day in July from 1.2 million bpd the previous month as the country drained fewer inventories, but exports to the U.S. jumped ​to some 786,000 bpd, the highest since early 2019, shipping data showed on ​Monday." https://www.reuters.com/business/energy/venezuelas-oil-exports-fell-slightly-july-cargoes-us-rose-2026-08-03

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