this post was submitted on 03 Jan 2026
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[–] Lemmyoutofhere@lemmy.ca 30 points 2 weeks ago (2 children)

Yup. The US needs heavy crude, that comes from Canada or Venezuela. Guess the US won’t need Canadian oil anymore.

[–] HellsBelle@sh.itjust.works 27 points 2 weeks ago (1 children)

It wouldn't surprise me if he used the new-found Venezuelan oil to try and shut Canada down.

2026 is looking to be a nasty fucking year.

[–] Lemmyoutofhere@lemmy.ca 18 points 2 weeks ago (1 children)

Luckily, Alberta is only 15% of our GDP.

[–] HellsBelle@sh.itjust.works 14 points 2 weeks ago (1 children)

Yeah. :/

I just posted an article from Barron's that says that's pretty much what will happen.

[–] Late-Boomer-57@piefed.ca 3 points 2 weeks ago (2 children)

Yeah, I saw your post. Too bad barrons is paywalled. I can't refute nor support your statement.

[–] MyBrainHurts@piefed.ca 5 points 2 weeks ago

I haven't tried the Barron's article in question but this little site has gotten around every other news paywall at which I've thrown it:

https://archive.is/

[–] FreeBooteR69@lemmy.ca 1 points 2 weeks ago

Nobody is making any money from Venezuelan oil any time soon, their oil infrastructure is in shambles and it'll take 100 billion investment and 10 years to get it going. Investors balk at investing somewhere where their investment gets blown up on a daily basis, and their employees are murdered or kidnapped frequently.