Imports to the US peaked at 1.8 million barrels per day in 1997.But in 1999, Hugo Chavez convinced the people of Venezuela they were being robbed by the greedy oil companies, dramatically raised taxes and royalties on new and existing projects.
Chavez began exporting more oil to Asia in an effort to diversify away from US customers.
Alberta can thank Venezuela in part for the strong growth in oil sands production seen over the past 10 years.
Chavez's erratic behaviour sent many oil majors north to the safe haven of Canada.
The justification for women to snoop however, could stem from the fact that 22 percent of them answered: "I have snooped, an...
Alberta's long-awaited and much over-hyped Royalties Framework Report makes the case that the United States, once our biggest customer, is now our biggest competitor in world oil markets. Although the US has substantially ramped up shale oil production in the past 8 years, much of that oil is far too light for its own refineries.