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Author	Topic: Life after Chavez: America’s oil gains could be Canada’s loss	Post a Reply Back to Topics

Nicoalbum Champion Author Ottawa Posts:6,021 Points:1,189,025 Joined:Jan 2010	Message Posted: Mar 6, 2013 11:21:58 AM Ignore Nicoalbum Report Abuse Brent crude prices didn’t move much as traders absorbed the death of Chavez who ruled the world’s 6th largest OPEC producer, but it may mask a long-term shift that could impact North American energy trading patterns. The robust trade in crude oil from Venezuela to the United States is due to the compatibility between the configuration of some U.S. refineries and the quality characteristics of Venezuelan crude, which is predominately sour and medium or heavy. This is a worrying development for Canadian crude producers, which offer similar type of heavy crude to the U.S. Gulf Coast refineries, and may lose out if Venezuela reforms its oil industry. Falling oil prices paved the way for Chavez to rise to power and increasing prices gave him the money needed to sustain state spending and con Visit Financial Post for full article

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Message Posted: Mar 6, 2013 11:21:58 AM

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Brent crude prices didn’t move much as traders absorbed the death of Chavez who ruled the world’s 6th largest OPEC producer, but it may mask a long-term shift that could impact North American energy trading patterns.

The robust trade in crude oil from Venezuela to the United States is due to the compatibility between the configuration of some U.S. refineries and the quality characteristics of Venezuelan crude, which is predominately sour and medium or heavy.

This is a worrying development for Canadian crude producers, which offer similar type of heavy crude to the U.S. Gulf Coast refineries, and may lose out if Venezuela reforms its oil industry.

Falling oil prices paved the way for Chavez to rise to power and increasing prices gave him the money needed to sustain state spending and con
Visit Financial Post for full article

REPLIES (newest first)Ignore Short Messages

LetemEatCake Champion Author Oklahoma City Posts:5,596 Points:1,205,480 Joined:Mar 2008	Message Posted: Mar 7, 2013 11:16:24 PM Ignore LetemEatCake Report Abuse Way too early to see what effect his death will have on the US.. I am waiting for the other shoe to drop.
TruthMatters Champion Author New Jersey Posts:2,520 Points:534,735 Joined:Oct 2011	Message Posted: Mar 7, 2013 2:40:24 PM Ignore TruthMatters Report Abuse No need to worry yet, Canadians! Chavez groomed his successor well - he'll be just as anti-America as Hugo was!
sjf238 Champion Author Philadelphia Posts:1,215 Points:647,955 Joined:Mar 2011	Message Posted: Mar 7, 2013 2:29:25 PM Ignore sjf238 Report Abuse Not happening anytime soon.
Nancy&Len Champion Author Cleveland Posts:2,053 Points:1,945,815 Joined:Sep 2004	Message Posted: Mar 7, 2013 3:47:10 AM Ignore Nancy&Len Report Abuse Don't bet on it.
Trudat316 Veteran Author Missouri Posts:323 Points:54,290 Joined:Feb 2013	Message Posted: Mar 7, 2013 1:45:25 AM Ignore Trudat316 Report Abuse Good. Import, Baby, Import!
danindenver Champion Author Denver Posts:5,489 Points:1,238,685 Joined:May 2005	Message Posted: Mar 7, 2013 12:39:45 AM Ignore danindenver Report Abuse Oh, I'm sure some newbie dictator will step up to fill the vacancy.
Nicoalbum Champion Author Ottawa Posts:6,021 Points:1,189,025 Joined:Jan 2010	Message Posted: Mar 6, 2013 11:16:45 PM Ignore Nicoalbum Report Abuse Most likely, this could adversely affect the gas prices
listerone Champion Author Boston Posts:3,380 Points:878,765 Joined:Aug 2008	Message Posted: Mar 6, 2013 9:47:32 PM Ignore listerone Report Abuse Not a drop of the oil produced by either country will go to waste.It's just a question of where it's used.
Carol7777 All-Star Author Houston Posts:727 Points:148,210 Joined:Dec 2012	Message Posted: Mar 6, 2013 7:54:34 PM Ignore Carol7777 Report Abuse I hope the US doesn't let this affect our relationship with Canada & their oil industry. Let's stay "neighborly." And remember Venezuela has always been a volatile country & I see no reason to think it would change in the future.
SUNOIL Champion Author Toledo Posts:5,245 Points:1,926,005 Joined:Jul 2007	Message Posted: Mar 6, 2013 6:56:01 PM Ignore SUNOIL Report Abuse Rodman could have befriended him
mike56MI Champion Author Michigan Posts:1,220 Points:308,340 Joined:Aug 2011	Message Posted: Mar 6, 2013 5:46:38 PM Ignore mike56MI Report Abuse OK
daytonabiker All-Star Author Florida Posts:919 Points:202,795 Joined:Oct 2012	Message Posted: Mar 6, 2013 5:24:04 PM Ignore daytonabiker Report Abuse Mission is NOT accomplished Nationalize the oil in Iran, Iraq, Saudi Arabia, Oil companies in America Leave Qatar alone Then the mission will be accomplished
LostInNY Champion Author New York Posts:1,721 Points:648,045 Joined:Apr 2011	Message Posted: Mar 6, 2013 5:03:03 PM Ignore LostInNY Report Abuse hugo go go go
humblepie Champion Author Toledo Posts:34,231 Points:2,372,120 Joined:Mar 2006	Message Posted: Mar 6, 2013 4:27:50 PM Ignore humblepie Report Abuse america will always need canadian crude always
turboz2012 All-Star Author Charleston Posts:682 Points:375,345 Joined:Feb 2012	Message Posted: Mar 6, 2013 4:08:18 PM Ignore turboz2012 Report Abuse Hopefully things improve.
07skydriver Champion Author Ohio Posts:3,261 Points:983,105 Joined:Feb 2009	Message Posted: Mar 6, 2013 2:26:41 PM Ignore 07skydriver Report Abuse Move it or luge it, eh?
Discovery02 Champion Author Colorado Springs Posts:2,560 Points:310,665 Joined:May 2012	Message Posted: Mar 6, 2013 2:22:22 PM Ignore Discovery02 Report Abuse We should NOT turn our back son our Canadian neighbors and friends. Doing so would be stupid.
TripleHs Champion Author Austin Posts:3,355 Points:917,340 Joined:Oct 2009	Message Posted: Mar 6, 2013 1:52:31 PM Ignore TripleHs Report Abuse still way to see
tankumo Veteran Author Vancouver Posts:397 Points:69,760 Joined:Dec 2012	Message Posted: Mar 6, 2013 1:42:16 PM Ignore tankumo Report Abuse It would not be a bad idea that the US combine with Canada to join as a country, then both can share all resources, a big powerhouse that can rival Eurozone.
kchristie79 Sophomore Author Dallas Posts:122 Points:69,310 Joined:Feb 2013	Message Posted: Mar 6, 2013 1:34:47 PM Ignore kchristie79 Report Abuse Greedy people will lose in the end. Here's hoping that Venezuela wants to trade with us.
ClassicWheeler All-Star Author Montgomery Posts:660 Points:309,100 Joined:Apr 2012	Message Posted: Mar 6, 2013 1:30:15 PM Ignore ClassicWheeler Report Abuse Chavez must have a lot of Canada in his prices.
rjojo40 Champion Author Las Vegas Posts:7,376 Points:1,075,640 Joined:Feb 2004	Message Posted: Mar 6, 2013 1:28:10 PM Ignore rjojo40 Report Abuse Didn't Canada see the future? pretty hard not to miss. El Dieablo Chavez was being treated for cancer for the past year. Unless Canada has the proverbial ace up the sleeve.
mitt4prez Champion Author Tacoma Posts:1,747 Points:1,246,200 Joined:Nov 2007	Message Posted: Mar 6, 2013 1:16:04 PM Ignore mitt4prez Report Abuse The blubbering from the White House has raised the level of the Potomac two feet and spoiled the fishing(which is Bush's fault, of course.) Looking forard to The Won's glowing encomium.
mfgendron All-Star Author New York Posts:684 Points:308,885 Joined:Sep 2008	Message Posted: Mar 6, 2013 1:03:26 PM Ignore mfgendron Report Abuse GOOD...STICK IT TO THEM CANUCKS. [Edited by: mfgendron at 3/6/2013 1:03:39 PM EST]
Taxrefugee Champion Author Arizona Posts:1,402 Points:386,995 Joined:Jan 2012	Message Posted: Mar 6, 2013 12:55:32 PM Ignore Taxrefugee Report Abuse Adios, Hugo. Time for your country to get the chance to move on
qwerty17 Champion Author New Jersey Posts:3,655 Points:1,117,900 Joined:Oct 2009	Message Posted: Mar 6, 2013 12:47:48 PM Ignore qwerty17 Report Abuse interesting developments lie ahead.
highdesertman Champion Author Albuquerque Posts:2,479 Points:1,717,105 Joined:Mar 2005	Message Posted: Mar 6, 2013 12:41:36 PM Ignore highdesertman Report Abuse There are a lot of "ifs" and "mays" in this story and the fact is that nobody really knows what is going to happen with Venezuela politically or economically. Either way, it makes sense for us to work towards better relations with Chavez's successors and hope for the best outcome.
RAKARWOWSKI Champion Author Chicago Posts:4,000 Points:821,025 Joined:Jan 2011	Message Posted: Mar 6, 2013 12:37:40 PM Ignore RAKARWOWSKI Report Abuse CHAVEZ WAS HIS OWN DEVIL.
SUSANCK Champion Author Chicago Posts:3,642 Points:708,455 Joined:Apr 2011	Message Posted: Mar 6, 2013 12:36:16 PM Ignore SUSANCK Report Abuse May he rot in hell!
schatzila Champion Author Los Angeles Posts:4,949 Points:1,016,620 Joined:Jun 2010	Message Posted: Mar 6, 2013 12:34:33 PM Ignore schatzila Report Abuse We'll see.
BobBG All-Star Author Albany Posts:820 Points:810,710 Joined:Nov 2005	Message Posted: Mar 6, 2013 12:27:47 PM Ignore BobBG Report Abuse It will be interesting to see if the wealthy elite regain control in Venezuela now that Chavez is dead.
teenitup Champion Author Houston Posts:1,652 Points:250,120 Joined:Sep 2012	Message Posted: Mar 6, 2013 12:22:57 PM Ignore teenitup Report Abuse Adios Hugo, good riddance.
CocoPaz Champion Author Santa Barbara Posts:2,375 Points:323,395 Joined:Jun 2012	Message Posted: Mar 6, 2013 12:14:45 PM Ignore CocoPaz Report Abuse Don't Cry For Me, Venezuela... As a cancer survivor, I am very sad to hear about actress Valerie Harper's incurable brain cancer, and I am praying for her.
fedupMN Champion Author Twin Cities Posts:2,954 Points:573,455 Joined:Mar 2011	Message Posted: Mar 6, 2013 12:08:29 PM Ignore fedupMN Report Abuse Time will tell where this is going.
oilfreak All-Star Author Houston Posts:687 Points:36,885 Joined:Oct 2012	Message Posted: Mar 6, 2013 11:56:19 AM Ignore oilfreak Report Abuse Life is still moving forward.
bruin19MD Champion Author Maryland Posts:1,064 Points:164,450 Joined:Feb 2011	Message Posted: Mar 6, 2013 11:51:42 AM Ignore bruin19MD Report Abuse Good article, sort of makes me think.
Tucker16 Champion Author Ottawa Posts:1,159 Points:543,930 Joined:Jul 2006	Message Posted: Mar 6, 2013 11:45:36 AM Ignore Tucker16 Report Abuse Yay!
evowner Champion Author Salem Posts:2,182 Points:359,260 Joined:May 2012	Message Posted: Mar 6, 2013 11:44:57 AM Ignore evowner Report Abuse Until America gets a national foreign policy not dictated by multinational corporations, the world will continue to hate us. The world likes our "toys", but hates our ownership of other peoples assets. With increased communication the people of other countries have a chance to read and hear about the corrupt deals made by their government and our corporate partners.
flatrock14 Champion Author Michigan Posts:2,650 Points:776,780 Joined:Oct 2010	Message Posted: Mar 6, 2013 11:38:32 AM Ignore flatrock14 Report Abuse life will go on
E350 Sophomore Author Florida Posts:118 Points:12,350 Joined:Jul 2005	Message Posted: Mar 6, 2013 11:35:11 AM Ignore E350 Report Abuse sour and medium or heavy?
hrtdi All-Star Author Vermont Posts:767 Points:151,590 Joined:Dec 2012	Message Posted: Mar 6, 2013 11:30:45 AM Ignore hrtdi Report Abuse hmmm.
BigTruc All-Star Author Memphis Posts:957 Points:781,415 Joined:Jul 2004	Message Posted: Mar 6, 2013 11:27:21 AM Ignore BigTruc Report Abuse Glad he's gone.
Nicoalbum Champion Author Ottawa Posts:6,021 Points:1,189,025 Joined:Jan 2010	Message Posted: Mar 6, 2013 11:22:29 AM Ignore Nicoalbum Report Abuse Canada acts like a shock absorber