Donald Trump's plans for quick revitalization of Venezuelan oil industry putting Canada's energy sector at risk

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Donald Trump said the Venezuelan oil industry could be booming again in 18 months. Here in Canada, we might have finished the first round of consultations on a new pipeline, but we won’t have concluded the court challenges to it.

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This is the dilemma Canada is facing: We are still moving at Ottawa speed, meaning slow, while the Americans are talking about a breakneck pace in restoring Venezuela’s oil industry.

Several analysts have said it will take between five to 10 years for Venezuela’s oil infrastructure to be rebuilt given years of neglect and decay. Trump, speaking to NBC in an exclusive interview, doesn’t buy that and said he thinks it can happen in less than 18 months.

“I think we can do it in less time than that, but it’ll be a lot of money,”