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

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
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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.

E.J. Antoni
E.J. Antoni
Author
E.J. Antoni, PhD is the is the Acting Director for the Thomas A. Roe Institute for Economic Policy Studies and Grover M. Hermann Center for the Federal Budget, and Richard Aster Fellow at The Heritage Foundation.