Venezuela-US Oil Deal Years Away from Impacting Alberta Economy

Energy experts say that a proposed oil deal between the U.S. and Venezuela is unlikely to have any significant impact on Alberta's economy for several years.

The deal, which would allow U.S. refineries to process Venezuelan crude oil, has been touted as a potential boon for Alberta's energy industry.

However, experts say that it will take time for the deal to have any tangible effects on Alberta's economy.

'It's years away from having an impact on Alberta,' said one expert. 'The U.S. refineries won't be able to process this oil until they've been modified and upgraded.'