U.S. President Donald Trump announced on Aug. 28 that the United States had reached what he called “the biggest oil deal in world history,” giving the United States majority control over the development of more than 65 billion barrels of Venezuela’s proven heavy crude reserves.
While oil-rich Venezuela remains significantly behind Canada in oil production after years of infrastructure neglect and political isolation, experts say the country’s potential return to the global oil market could increase pressure on Canada from its neighbour to the south and largest energy export customer.
Ouch.
YIKES 👀 Scott Bessent SLAMS Carney, and calls Canada a FREERIDER 🇨🇦
Also claims Canadian businesses aren’t with Carney, the military isn’t with Carney. WOW pic.twitter.com/SAZml4pZZV
— Melissa 🇨🇦 (@MelissaLMRogers) September 2, 2026
