Quote:
Originally Posted by Fuzz
We actually do import a significant amount of oil form Saudi. I have no idea how a Canadian can justify supporting that horrible regime, rather than supporting Canadian jobs and our economy. It's mind boggling.
EDIT:
data:
http://www5.statcan.gc.ca/cimt-cicm/...odityId=270900
It's close to 11%, at $2.5 billion which I would consider significant. |
But that oil will be purchased by someone else because it's cheap even if we don't use it. The barrels we replace by making our oil cheaper is the marginal oil that is first to be shut in.
If OPEC becomes the swing producer again then it would likely be true using our own oil decreases dependence on Saudi oil