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Title : Best News Canada Could Ever Receive -- Now, If Only They Could Get Their Pipelines Built -- January 18, 2019
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Best News Canada Could Ever Receive -- Now, If Only They Could Get Their Pipelines Built -- January 18, 2019

Now I know the reason for the jump in the price of oil today. Regular readers know what this is all about. When I get caught up, I will come back to this.

From Reuters:

U.S. refiners are bidding up prices for scarce types of crude oil needed for their most sophisticated plants as the United States reconsiders harsher sanctions on Venezuela that could further reduce imports of the country's oil.

Trump administration officials in recent days met with U.S. oil company executives to lay out potential actions in response to the Jan. 10 inauguration of Venezuelan President Nicolas Maduro in an election it considered illegitimate.

Among other steps, U.S. officials have recognized the opposition-run Venezuelan congress as the only legitimately elected authority. But the proposals that would most affect the energy industry involve banning U.S. exports of refined products or limiting oil imports - a move that, until now, the White House has not taken even after sanctioning individuals and barring access to U.S. banks.

http://bit.ly/2dZyQXu

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