Business

The U.S. could soon control 20% of Venezuela's oil reserves. Canada's oilpatch isn't worried

CBC 02 Sep

Canada

The U.S. could soon control 20% of Venezuela's oil reserves. Canada's oilpatch isn't worried — Sources: CBC

U.S. President Donald Trump is continuing his pursuit of Venezuela's oil jackpot, announcing a new deal aimed at boosting production in the South American country. And while Trump is flaunting the potential controlling stake in a portion of Venezuela's oil reserves as a warning to Canada, experts say there is little cause for concern in Western Canada.

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