• thefool@sh.itjust.works
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    4 days ago

    There’s refineries in the US that are geared up for processing Canadian heavy oil.

    The Venezuelan oil is supposedly similar, and cheaper to ship to those refineries.

    Canada has a few years left of shipping this oil to those refineries until the oil companies get in and kickstart the Venezuelan production.

    I don’t think they’re going to flood the market with cheaper oil… instead they’ll maim the Canadian industry