The US curbs dependence on foreign oil
Canada and Mexico outweigh Venezuela as US energy suppliers
The US is holding on Tuesday a presidential race where the oil-related proposals made by Democrats and Republicans hardly defer.
The US keeps on curbing its dependence on imported oil to meet two of its goals: consolidating both domestic non-conventional hydrocarbon production and oil supply from two strategic allies, Canada and Mexico; and reducing dependence on unreliable overseas energy sources.
In this scenario, the hostility of the Venezuelan Government towards Washington has turned Venezuela into a problem rather than a solution (regarding energy), explained economist and former director of state-run oil company Pdvsa José Toro Hardy.
"There may not be much difference between Republicans and Democrats on oil policy with respect to Venezuela. This is mainly due to the drop in Venezuela's oil exports to the US and even more because of Venezuela's policy. The US is concern about its dependence on foreign oil. That explains why it has fostered its oil relations with Canada and has designed a project including an oil pipeline from Canada to the Gulf of Mexico," Toro Hardy asserted.
Translated by Jhean Cabrera
As Venezuelan deposits of public funds in Swiss bank accounts have been revealed, opposition Deputy Andrés Velásquez wonders whatever happened to the USD 500 million worth of CVG funds that turned up in coded bank accounts in Lebanon five years ago.