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 is a research fellow in the Center for Data Analysis at The Heritage Foundation.