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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Steve203 ⎊❂🐝 HONORARY
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Number: of 4582 
Subject: Re: Control Panel: Trend changes in 2026
Date: 01/26/26 1:28 AM
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You are years behind the times. Canada has a pipeline to the Pacific Ocean.

With the recently completed expansion project, that pipeline has a capacity of some 890,000bpd. It is running at about 84% of capacity. Current Canadian exports to the US are running 4Mbpd.

Trans Mountain pipeline

The expansion, which runs roughly parallel to the existing pipeline, increased capacity from 300,000 to 890,000 barrels per day (48,000–141,000 m3/d), at a cost of C$53 billion.[7]


en.wikipedia.org - Trans Mountain pipeline

US imports from Canada of crude oil.

eia.gov: U.S. Imports from Canada of Crude Oil (Thousand Barrels per Day)

I stand by what I said. Most of Canada's oil is landlocked.

Chevron is optimistic about the feasibility of increasing production.

Chevron (CVX) is currently producing about 140,000 barrels of oil daily. Vice Chairman Mark Nelson told the White House in early January that it could boost production at its joint ventures with Venezuela’s state oil company, PDVSA, 50% over the next 18 months to two years. Before U.S. sanctions were expanded in 2025, Chevron’s production exceeded 200,000 bpd.

thestreet.com - Chevron oil execs send strong message on venezuela

And this hit the wire, shortly after the Davos conference.

US Pushes for Quickest Fixes to Boost Venezuela Oil Output

(Bloomberg) -- The US is in talks with Chevron Corp., other crude producers and the world’s biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 billion cost for a complete rebuilding.

The idea is that with limited investment, Venezuela could boost production by several hundred thousand barrels over the short term, the people said.


finance.yahoo.com - US pushes quickest fixes boost

Steve
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This community has written 4,576 posts about Macroeconomic Trends & Risks. The article-length ones it recommended most:
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