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Alberta Sees Venezuela as Opportunity, Not Threat | Canada News
Description
Canada’s oilsands aren’t panicking over Venezuela’s oil deal — Alberta’s Premier Danielle Smith sees it as a wake-up call to push harder into Asia via West Coast pipelines. Experts agree Venezuela’s production is years away from being a real threat, hampered by workforce shortages and lack of private investment. While competition from Guyana and Brazil looms larger, Canada’s existing infrastructure and U.S. partnerships keep it competitive. With EVs reshaping demand and China’s oil use possibly peaking, the focus remains on diversifying markets and staying a global energy leader — one pipeline at a time.
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