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

The Trump administration is making strides to secure a significant share of Venezuela's oil reserves, potentially giving the U.S. control over 20% of them. This move is seen as a strategic warning to Canada, which has been keen on tapping into Venezuela's heavy oil. However, experts in Canada's oil sector believe that this development poses little threat to their operations. The U.S. push highlights geopolitical tensions and the global scramble for energy resources, while Canadian oil companies remain focused on their domestic market.