The Trump administration’s plans to revitalize the Venezuelan oil market puts the United States at an advantage over Canada and serves to weaken China, according to energy experts. Conservative politicians, including the leader of Canada’s conservative opposition party, are calling on Canadian Prime Minister Mark Carney to approve a new Pacific coast pipeline to help aid the country’s oil exports to overseas markets, amid fears that the United States’ involvement in Venezuela’s market will significantly impact the competitiveness of Canadian oil. Canadian lawmakers are concerned that increased oil exports from Venezuela to the United States, which is Canada’s largest oil purchaser, will displace oil from Canada, forcing the country to drop its prices in order to stay competitive. Meanwhile, experts have added that the U.S. involvement in Venezuela’s oil market will also serve to weaken China. “This is going to be bad for all petrostates, and Canada is basically a petrostate,” Energy and Environment Legal Institute’s Steve Milloy, a former fossil fuel industry lobbyist, told Fox News Digital. TRUMP TELLS SCARBOROUGH US WILL KEEP VENEZUELA OIL WHEN PRESSED ON IRAQ COMPARISONSA “petrostate” is a term used to describe a nation whose government and economy heavily rely on revenue from oil and natural gas exports. “Canada, like all petrostates — Iran, all of OPEC, all those people — are going to be at our mercy,” Milloy added. The leader of Canada’s conservative opposition party, Pierre Poilievre, said in a letter to Carney Tuesday, that the country needs to “move millions of barrels a day to overseas…
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