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

Champion Author
Ottawa

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

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
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LetemEatCake
Champion Author Oklahoma City

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Points:1,360,915
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Message Posted: Mar 7, 2013 11:16:24 PM


Way too early to see what effect his death will have on the US.. I am waiting for the other shoe to drop.
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TruthMatters
Champion Author New Jersey

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Message Posted: Mar 7, 2013 2:40:24 PM

No need to worry yet, Canadians! Chavez groomed his successor well - he'll be just as anti-America as Hugo was!
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sjf238
Champion Author Philadelphia

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Message Posted: Mar 7, 2013 2:29:25 PM

Not happening anytime soon.
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Nancy&Len
Champion Author Cleveland

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Message Posted: Mar 7, 2013 3:47:10 AM

Don't bet on it.
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Trudat316
Veteran Author Missouri

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Message Posted: Mar 7, 2013 1:45:25 AM

Good. Import, Baby, Import!
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danindenver
Champion Author Denver

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Message Posted: Mar 7, 2013 12:39:45 AM

Oh, I'm sure some newbie dictator will step up to fill the vacancy.

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Nicoalbum
Champion Author Ottawa

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Message Posted: Mar 6, 2013 11:16:45 PM

Most likely, this could adversely affect the gas prices
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listerone
Champion Author Boston

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Message Posted: Mar 6, 2013 9:47:32 PM

Not a drop of the oil produced by *either* country will go to waste.It's just a question of where it's used.
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Carol7777
Champion Author Houston

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Message Posted: Mar 6, 2013 7:54:34 PM

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.
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SUNOIL
Champion Author Toledo

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Message Posted: Mar 6, 2013 6:56:01 PM

Rodman could have befriended him
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mike56MI
Champion Author Michigan

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Message Posted: Mar 6, 2013 5:46:38 PM

OK
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daytonabiker
Champion Author Florida

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Message Posted: Mar 6, 2013 5:24:04 PM

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
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LostInNY
Champion Author New York

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Message Posted: Mar 6, 2013 5:03:03 PM

hugo go go go
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humblepie
Champion Author Toledo

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Message Posted: Mar 6, 2013 4:27:50 PM

america will always need canadian crude always
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turboz2012
All-Star Author Charleston

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Message Posted: Mar 6, 2013 4:08:18 PM

Hopefully things improve.
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07skydriver
Champion Author Ohio

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Message Posted: Mar 6, 2013 2:26:41 PM

Move it or luge it, eh?
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Discovery02
Champion Author Colorado Springs

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Message Posted: Mar 6, 2013 2:22:22 PM

We should NOT turn our back son our Canadian neighbors and friends. Doing so would be stupid.
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TripleHs
Champion Author Austin

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Message Posted: Mar 6, 2013 1:52:31 PM

still way to see
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tankumo
All-Star Author Vancouver

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Message Posted: Mar 6, 2013 1:42:16 PM

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.

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kchristie79
Sophomore Author Dallas

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Message Posted: Mar 6, 2013 1:34:47 PM

Greedy people will lose in the end. Here's hoping that Venezuela wants to trade with us.
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ClassicWheeler
Champion Author Montgomery

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Message Posted: Mar 6, 2013 1:30:15 PM

Chavez must have a lot of Canada in his prices.
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rjojo40
Champion Author Las Vegas

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Message Posted: Mar 6, 2013 1:28:10 PM

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.
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mitt4prez
Champion Author Tacoma

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Message Posted: Mar 6, 2013 1:16:04 PM

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.
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mfgendron
Champion Author New York

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Message Posted: Mar 6, 2013 1:03:26 PM

GOOD...STICK IT TO THEM CANUCKS.


[Edited by: mfgendron at 3/6/2013 1:03:39 PM EST]
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Taxrefugee
Champion Author Arizona

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Message Posted: Mar 6, 2013 12:55:32 PM

Adios, Hugo. Time for your country to get the chance to move on
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qwerty17
Champion Author New Jersey

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Message Posted: Mar 6, 2013 12:47:48 PM

interesting developments lie ahead.
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highdesertman
Champion Author Albuquerque

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Message Posted: Mar 6, 2013 12:41:36 PM

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.
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RAKARWOWSKI
Champion Author Chicago

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Message Posted: Mar 6, 2013 12:37:40 PM

CHAVEZ WAS HIS OWN DEVIL.
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SUSANCK
Champion Author Chicago

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Message Posted: Mar 6, 2013 12:36:16 PM

May he rot in hell!
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schatzila
Champion Author Los Angeles

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Message Posted: Mar 6, 2013 12:34:33 PM

We'll see.
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BobBG
Champion Author Albany

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Message Posted: Mar 6, 2013 12:27:47 PM

It will be interesting to see if the wealthy elite regain control in Venezuela now that Chavez is dead.
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teenitup
Champion Author Houston

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Message Posted: Mar 6, 2013 12:22:57 PM

Adios Hugo, good riddance.
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CocoPaz
Champion Author Santa Barbara

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Message Posted: Mar 6, 2013 12:14:45 PM

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.
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fedupMN
Champion Author Twin Cities

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Message Posted: Mar 6, 2013 12:08:29 PM

Time will tell where this is going.
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oilfreak
All-Star Author Houston

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Message Posted: Mar 6, 2013 11:56:19 AM

Life is still moving forward.
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bruin19MD
Champion Author Maryland

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Message Posted: Mar 6, 2013 11:51:42 AM

Good article, sort of makes me think.
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Tucker16
Champion Author Ottawa

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Message Posted: Mar 6, 2013 11:45:36 AM

Yay!
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evowner
Champion Author Salem

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Message Posted: Mar 6, 2013 11:44:57 AM

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.
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flatrock14
Champion Author Michigan

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Message Posted: Mar 6, 2013 11:38:32 AM

life will go on
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E350
Sophomore Author Florida

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Message Posted: Mar 6, 2013 11:35:11 AM

sour and medium or heavy?
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hrtdi
Champion Author Vermont

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Message Posted: Mar 6, 2013 11:30:45 AM

hmmm.
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BigTruc
Champion Author Memphis

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Message Posted: Mar 6, 2013 11:27:21 AM

Glad he's gone.
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Nicoalbum
Champion Author Ottawa

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Message Posted: Mar 6, 2013 11:22:29 AM

Canada acts like a shock absorber
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