1 Country That Could See Its U.S. Oil Exports Disappear

If North America can get provide adequate infrastructure for Canadian oil sands, could this be the end for Venezuelan imports?

Tyler Crowe
Tyler Crowe and Joel South
Feb 2, 2013 at 4:15PM
Energy, Materials, and Utilities

With North American crude oil supplies increasing almost every day, some of America's former supplies could start to feel the heat. One country that could suffer some of the greatest losses from North American crude supplies is Venezuela. With Canadian oil sands emerging as a major energy source and the Keystone XL pipeline looking more imminent, Venezuelan crude will have a hard time penetrating the American market. In this video, Motley Fool contributor Tyler Crowe discusses why Venezuelan crude in particular will suffer and what it could mean for crude prices in the Gulf of Mexico.