Opinion

How Canada’s Only Leverage Over America Disappeared in an Instant

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How Canada’s Only Leverage Over America Disappeared in an Instant
An aerial photo shows the Nave Photon crude oil tanker, carrying a shipment of Venezuelan oil, docked in Freeport, Texas, on Jan. 16, 2026. Mark Felix/AFP via Getty Images
E.J. Antoni
|Updated:
Commentary

I’d like to talk today about the recent events in Venezuela, specifically from an economic point of view, and who are the real winners and losers.

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E.J. Antoni
E.J. Antoni
Author
E.J. Antoni, PhD, is a public finance economist and the Richard F. Aster research fellow in The Heritage Foundation’s Grover M. Hermann Center for the Federal Budget.
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