Trump's Venezuela Oil Deal Sparks Concerns for Canadian Industry

Donald Trump claims to have struck a deal for Venezuelan oil, but what does this mean for Canada?

According to Richard Masson, former executive with Alberta Petroleum Marketing Commission, Trump's arrangement could impact Canada's own oil industry.

The US and Venezuela have been working on an oil deal, and while the details are not yet clear, it is believed that Venezuela will supply oil to the US in exchange for economic support. This could potentially harm Canada's oil industry if the US gains a competitive advantage in terms of energy production and exportation.

Masson emphasized that this arrangement has the potential to impact Canada's own oil industry, but the extent of the impact is still uncertain.