Uploaded January 2026 | Updated September 2026, 2 weeks ago
Canada’s energy future may be at risk—but most Canadians don’t realize it yet.
Dan McTeague sits down with David Leis, from Leaders on the Frontier, to discuss how Canada “put all its eggs in one basket” by relying almost entirely on the U.S. as its oil customer.
With the recent U.S. removal of Venezuelan President Nicolás Maduro and Washington tightening control over Venezuela’s massive oil reserves, the United States could shift its energy strategy—potentially boosting Venezuelan heavy crude supply and reducing its dependence on Canadian oil. Venezuela once supplied the U.S. Gulf Coast with heavy oil, and its resurgence could squeeze Canada’s export advantage.
Canada’s energy future may be at risk—but most Canadians don’t realize it yet.
Dan McTeague sits down with David Leis, from Leaders on the Frontier, to discuss how Canada “put all its eggs in one basket” by relying almost entirely on the U.S. as its oil customer.
With the recent U.S. removal of Venezuelan President Nicolás Maduro and Washington tightening control over Venezuela’s massive oil reserves, the United States could shift its energy strategy—potentially boosting Venezuelan heavy crude supply and reducing its dependence on Canadian oil. Venezuela once supplied the U.S. Gulf Coast with heavy oil, and its resurgence could squeeze Canada’s export advantage.
