Not Logged In Log In   Sign Up   Points Leaders
Follow Us    12:25 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Life after Chavez: America’s oil gains could be Canada’s loss Back to Topics
Nicoalbum
Champion Author
Ottawa

Posts:10,052
Points:2,009,295
Joined:Jan 2010
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
Visit Financial Post for full article
REPLIES (newest first) Post a Reply
LetemEatCake
Champion Author Oklahoma City

Posts:5,705
Points:1,360,915
Joined:Mar 2008
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.
TruthMatters
Champion Author New Jersey

Posts:3,681
Points:1,233,185
Joined:Oct 2011
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!
sjf238
Champion Author Philadelphia

Posts:1,215
Points:650,655
Joined:Mar 2011
Message Posted: Mar 7, 2013 2:29:25 PM

Not happening anytime soon.
Nancy&Len
Champion Author Cleveland

Posts:5,259
Points:2,746,775
Joined:Sep 2004
Message Posted: Mar 7, 2013 3:47:10 AM

Don't bet on it.
Trudat316
Veteran Author Missouri

Posts:341
Points:54,840
Joined:Feb 2013
Message Posted: Mar 7, 2013 1:45:25 AM

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

Posts:8,245
Points:2,033,475
Joined:May 2005
Message Posted: Mar 7, 2013 12:39:45 AM

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

Nicoalbum
Champion Author Ottawa

Posts:10,052
Points:2,009,295
Joined:Jan 2010
Message Posted: Mar 6, 2013 11:16:45 PM

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

Posts:5,394
Points:1,574,245
Joined:Aug 2008
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.
Carol7777
Champion Author Houston

Posts:117,011
Points:991,345
Joined:Dec 2012
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.
SUNOIL
Champion Author Toledo

Posts:8,635
Points:2,718,835
Joined:Jul 2007
Message Posted: Mar 6, 2013 6:56:01 PM

Rodman could have befriended him
mike56MI
Champion Author Michigan

Posts:4,267
Points:1,059,240
Joined:Aug 2011
Message Posted: Mar 6, 2013 5:46:38 PM

OK
daytonabiker
Champion Author Florida

Posts:2,997
Points:871,820
Joined:Oct 2012
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
LostInNY
Champion Author New York

Posts:4,980
Points:1,475,660
Joined:Apr 2011
Message Posted: Mar 6, 2013 5:03:03 PM

hugo go go go
humblepie
Champion Author Toledo

Posts:65,218
Points:3,188,295
Joined:Mar 2006
Message Posted: Mar 6, 2013 4:27:50 PM

america will always need canadian crude always
turboz2012
Champion Author Charleston

Posts:1,027
Points:1,066,020
Joined:Feb 2012
Message Posted: Mar 6, 2013 4:08:18 PM

Hopefully things improve.
07skydriver
Champion Author Ohio

Posts:6,161
Points:1,719,690
Joined:Feb 2009
Message Posted: Mar 6, 2013 2:26:41 PM

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

Posts:8,925
Points:1,094,195
Joined:May 2012
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.
TripleHs
Champion Author Austin

Posts:3,868
Points:1,051,020
Joined:Oct 2009
Message Posted: Mar 6, 2013 1:52:31 PM

still way to see
tankumo
All-Star Author Vancouver

Posts:960
Points:405,295
Joined:Dec 2012
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.

kchristie79
Sophomore Author Dallas

Posts:130
Points:77,220
Joined:Feb 2013
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.
ClassicWheeler
Champion Author Montgomery

Posts:3,947
Points:1,147,625
Joined:Apr 2012
Message Posted: Mar 6, 2013 1:30:15 PM

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

Posts:8,698
Points:1,239,765
Joined:Feb 2004
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.
mitt4prez
Champion Author Tacoma

Posts:5,144
Points:2,044,865
Joined:Nov 2007
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.
mfgendron
Champion Author New York

Posts:3,558
Points:1,021,655
Joined:Sep 2008
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]
Taxrefugee
Champion Author Arizona

Posts:3,680
Points:1,181,005
Joined:Jan 2012
Message Posted: Mar 6, 2013 12:55:32 PM

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

Posts:6,536
Points:1,903,170
Joined:Oct 2009
Message Posted: Mar 6, 2013 12:47:48 PM

interesting developments lie ahead.
highdesertman
Champion Author Albuquerque

Posts:5,727
Points:2,491,835
Joined:Mar 2005
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.
RAKARWOWSKI
Champion Author Chicago

Posts:7,351
Points:1,660,325
Joined:Jan 2011
Message Posted: Mar 6, 2013 12:37:40 PM

CHAVEZ WAS HIS OWN DEVIL.
SUSANCK
Champion Author Chicago

Posts:6,396
Points:1,321,975
Joined:Apr 2011
Message Posted: Mar 6, 2013 12:36:16 PM

May he rot in hell!
schatzila
Champion Author Los Angeles

Posts:5,986
Points:1,226,545
Joined:Jun 2010
Message Posted: Mar 6, 2013 12:34:33 PM

We'll see.
BobBG
Champion Author Albany

Posts:3,240
Points:1,587,075
Joined:Nov 2005
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.
teenitup
Champion Author Houston

Posts:5,555
Points:999,830
Joined:Sep 2012
Message Posted: Mar 6, 2013 12:22:57 PM

Adios Hugo, good riddance.
CocoPaz
Champion Author Santa Barbara

Posts:7,930
Points:1,164,055
Joined:Jun 2012
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.
fedupMN
Champion Author Twin Cities

Posts:5,906
Points:1,217,730
Joined:Mar 2011
Message Posted: Mar 6, 2013 12:08:29 PM

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

Posts:723
Points:39,210
Joined:Oct 2012
Message Posted: Mar 6, 2013 11:56:19 AM

Life is still moving forward.
bruin19MD
Champion Author Maryland

Posts:1,140
Points:181,505
Joined:Feb 2011
Message Posted: Mar 6, 2013 11:51:42 AM

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

Posts:1,281
Points:1,000,425
Joined:Jul 2006
Message Posted: Mar 6, 2013 11:45:36 AM

Yay!
evowner
Champion Author Salem

Posts:5,973
Points:1,177,415
Joined:May 2012
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.
flatrock14
Champion Author Michigan

Posts:5,001
Points:1,540,055
Joined:Oct 2010
Message Posted: Mar 6, 2013 11:38:32 AM

life will go on
E350
Sophomore Author Florida

Posts:118
Points:12,550
Joined:Jul 2005
Message Posted: Mar 6, 2013 11:35:11 AM

sour and medium or heavy?
hrtdi
Champion Author Vermont

Posts:3,859
Points:878,660
Joined:Dec 2012
Message Posted: Mar 6, 2013 11:30:45 AM

hmmm.
BigTruc
Champion Author Memphis

Posts:1,414
Points:1,308,570
Joined:Jul 2004
Message Posted: Mar 6, 2013 11:27:21 AM

Glad he's gone.
Nicoalbum
Champion Author Ottawa

Posts:10,052
Points:2,009,295
Joined:Jan 2010
Message Posted: Mar 6, 2013 11:22:29 AM

Canada acts like a shock absorber
Post a reply Back to Topics