Venezuelan attack may affect Canadian oil exports.

President Trump announced plans for large U.S. oil companies to enter Venezuela, invest billions and repair its oil infrastructure, and reporters said experts are questioning how feasible or how quickly that could happen. Jeff Jones of The Globe's Report on Business discussed Venezuela's oil-sector challenges and what renewed output might mean for Canada's economic sovereignty.

President Donald Trump announced plans for large U.S. oil companies to enter Venezuela, invest billions and repair the country's oil infrastructure. He framed this as a way to restore Venezuelan production. Reporters and analysts have questioned the feasibility and the timeline for such a return. The topic is being discussed in Canada because the country's oil sector is seeking to diversify exports and protect economic sovereignty. Key points: - Mr. Trump said U.S. oil firms would go into Venezuela, spend billions and fix oil infrastructure, as reported. - The speed and practical obstacles to a U.S. industry return were described as uncertain in coverage of the announcement. - Jeff Jones of The Globe's Report on Business discussed the current state of Venezuela's oil sector and the possible implications for Canada's economic sovereignty. Summary: The coverage centers on whether renewed U.S. activity in Venezuela could affect global oil flows and how that might intersect with Canada's efforts to diversify export markets. Undetermined at this time.