Forward Thinking: How Venezuelan Oil Could Impact Alaska’s North Slope

Forward Thinking: How Venezuelan Oil Could Impact Alaska’s North Slope

By Michael Tavoliero Venezuelan oil could re-emerge as a meaningful U.S.-linked supply over the medium to long term. Lower prices pose risk of shifting market demand away from the North Slope. If Alaska fails to address competitiveness now, the situation could create real headwinds.  During Maduro, Venezuela’s oil output fell far below its capacity. Its access to U.S. markets swung sharply. In parallel, much of the remaining export flow, especia…