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Trump is laying the groundwork for a destructive relationship with Mexico and Canada in 2026: Mexico could be next, and "plenty (of drugs) come through Canada too." (www.youtube.com)
submitted 10 months ago by to c/canada@lemmy.ca
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[–] 2 points 10 months ago (1 child)

I don't even know what oil profits there will be. It'll cost tens of billions to refurbish the Venezuelan oil industry and while their oil reserves are massive, they're also extremely low quality and cost more to refine. And to what end? The US is a net oil exporter. Flooding the market with cheap Venezuelan oil will just crash the price and fuck up the domestic oil market.

Which I guess is the point, if the goal is to ultimately internally destabilize the US to allow tech bro feudalism to take over?

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  • [–] 1 point 10 months ago

    There's refineries in the US that are geared up for processing Canadian heavy oil.

    The Venezuelan oil is supposedly similar, and cheaper to ship to those refineries.

    Canada has a few years left of shipping this oil to those refineries until the oil companies get in and kickstart the Venezuelan production.

    I don't think they're going to flood the market with cheaper oil.. instead they'll maim the Canadian industry

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