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.
Joel South has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. You can follow him at Fool.com under the handle TMFDirtyBird, on Google +, or on Twitter: @TylerCroweFool.
The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.