Following Nicolás Maduro’s capture in Caracas by United States military forces, active planning for political transition in Venezuela has intensified in Washington, D.C.
For the U.S., the prize is the prospect of reviving one of the world’s largest proven oil reserves and reshaping global energy markets in its favour.
But the ripple effects would extend well beyond Caracas and the U.S. A Venezuelan oil revival could also subtly increase American leverage over Canada — particularly Alberta — through its impact on oil prices, investment flows and longstanding debates about Canada’s energy future.
