I'm also posting this in the Venezuela thread - but it has a purpose here as well.
The US wants this resource because it will absolutely f*ck us - If they get free, unrestricted access to this, it will gut Alberta oil moving to the US, make no mistake that it will. They will get this oil from VZ at a massive discount and it will kneecap us.
Trump is threatening to attack a country with more oil than Iraq
The United States appears
ready for war with Venezuela, a prospect that Venezuelan President Nicolás Maduro this weekend attributed to America’s desire to control the country’s vast oil reserves.
Most people associate large oil stockpiles with the Middle East or Texas, but Venezuela is sitting on a massive 303 billion barrels worth of crude – about a fifth of the world’s global reserves, according to the
US Energy Information Administration. It’s the planet’s single-largest known mass of crude oil.
Venezuela produces about 1 million barrels of oil per day – no slouch, but only about 0.8% of global crude production. That’s less than half of what it produced before Maduro took control of the country in 2013 and less than a third of the 3.5 million barrels it was pumping before the Socialist regime took over in 1999.
That’s a particular problem, because the kind of oil Venezuela is sitting on – heavy, sour crude – requires special equipment and a high level of technical prowess to produce. International oil companies have the capability to extract and refine it, but they’ve been restricted from doing business in the country.
For decades, America was far more dependent on Venezuelan oil than it currently is.
Venezuela is nearby and its oil is relatively cheap – a result of its sticky sludgy texture that requires significant refining. Most US refineries were constructed to process Venezuela’s heavy oil, and they’re significantly more efficient when they’re using Venezuelan oil compared to American oil, according to Phil Flynn, senior market analyst at the Price Futures Group.
This article makes ZERO mention that Alberta tar sands oil is the same type of oil -
Opening up Venezuelan oil to the world could benefit the United States and its allies – and, potentially, the Venezuelan economy.
Read that sentence again. ".....could benefit the US and its allies' - Which Allies? Why does this article not say that 'opening up more Canadian oil to the world could benefit the US and its allies?" Because the US does not want this to happen, they do not want us benefiting from selling more oil to 'its allies' because those 'allies' would be beholden to Canada, NOT the US.
The msg that Carney, Alberta, Canadian oil companies and businesspeople should be loudly spouting off is, 'If the US gets control of VZ oil it will gut our oil industry, our economy and our country. We need to start pumping oil to the west and east coasts ASAP in order to stop the potential collapse of our economy.
