{"id":365404,"date":"2025-12-24T06:43:18","date_gmt":"2025-12-24T06:43:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/365404\/"},"modified":"2025-12-24T06:43:18","modified_gmt":"2025-12-24T06:43:18","slug":"what-u-s-tensions-could-mean-for-canada-2","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/365404\/","title":{"rendered":"What U.S. tensions could mean for Canada"},"content":{"rendered":"

Jeremie Charron reports on how tensions are escalating between the U.S. and Venezuela over access to oil resources and the seizure of oil tankers. <\/p>\n

Amid growing tension between the U.S. and Venezuela over access to the South American country\u2019s oil resources, Canada, and specifically its oil industry, could be impacted.<\/p>\n

Off the coast of Venezuela, sanctioned oil tankers have become the target of U.S. authorities. Washington has already seized two \u2013 along with millions of barrels of oil \u2013 and says its going after more.<\/p>\n

\u201cMaybe we\u2019ll sell it, maybe we\u2019ll keep it, maybe we\u2019ll use it in the strategic reserves,\u201d U.S. President Donald Trump said on Monday.<\/p>\n

\"\"Trump administration continues to target vessels they say funds Maduro’s \u2018illegitimate regime\u2019 U.S. authorities continu9e to target Venezuelan oil tankers, claiming they fund Venezuela President Nicolas Maduro’s \u2018illegitimate regime.’ (U.S. Secretary of Homeland Security Kristi Noem X account) <\/p>\n

The U.S. increased its military presence in the Caribbean Sea after Trump ordered a blockade last week, calling it the biggest armada the U.S. has ever had in South America.<\/p>\n

On Tuesday, Venezuelans hit the streets in protest of the U.S. president \u2013 whom they call \u201cPirate Trump\u201d \u2013 who Monday had a warning for Venezuelan President Nicolas Maduro.<\/p>\n

\u201cHe can do whatever he wants, it\u2019s alright, whatever he wants to do, if he wants to do something,\u201d Trump said. \u201cIf he plays tough, it\u2019ll be the last time he\u2019s ever able to play tough.\u201d <\/p>\n

\"\"Oil and gas, Alberta A rainbow appears to come down on pumpjacks drawing out oil and gas from wells near Calgary, Alta., Monday, Sept. 18, 2023. THE CANADIAN PRESS\/Jeff McIntosh Canadian impact<\/p>\n

Meanwhile, the tension in South America could have implications for Canada too.<\/p>\n

\u201cVenezuela has some of the largest oil reserves in the world,\u201d said Richard Masson, a former Canadian oil industry executive. \u201cThey\u2019re primarily heavy oil and bitumen, which are very much like what Canada\u2019s reserves are here in the oil sands.\u201d<\/p>\n

Experts say political instability in Venezuela had long given Canadian oil producers the advantage, but if Trump can topple the Maduro government, it could mean increased competition.<\/p>\n

\u201cThis makes it all the more important for us to think about sending out oil to the pacific, to a northwest pacific pipeline, knowing that the Asian market is growing,\u201d said Heather Exner-Pirot, a senior fellow and director of natural resources, energy and environment at the Macdonald-Laurier Institute. <\/p>\n

\"\"Environment group holds Calgary rally to push for more protections in Alberta A pumpjack draws out oil and gas from a well head with a Canola field in the background near Cremona, Alta., Tuesday, July 15, 2025. THE CANADIAN PRESS\/Jeff McIntosh <\/p>\n

Exner-Pirot suggests Trump\u2019s interest in Venezuelan oil could eventually force a fight for access to the U.S. market. Masson says it may take long for the impact of those tensions to take affect. <\/p>\n

\u201cThe question becomes: If Venezuela became a democracy, with the rule of law, with a stable investment climate, how long would it take to build the projects to displace western Canadian oil?\u201d Masson said. \u201cI think that would take a long time.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Jeremie Charron reports on how tensions are escalating between the U.S. and Venezuela over access to oil resources…\n","protected":false},"author":2,"featured_media":365405,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[712,49,48,44],"class_list":{"0":"post-365404","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-apple-news","9":"tag-ca","10":"tag-canada","11":"tag-news"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/365404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=365404"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/365404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/365405"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=365404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=365404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=365404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}