[Bring_Back_Shantz]

Originally Posted by Red Mile Style

. If anything I would like you to explain this point the most. I am not sure why Canadians/North Americans/Westerners allow OPEC to dictate to us what our oil is worth, but if you're happy with the amount of power foreign governments have over our markets, yay.

It isn't a matter of allowing OPEC to determine what our oil is worth, it's a matter of our customers dictating what they will pay for it. Well, guess what, our number one customer is the US, and their number one supplier is OPEC countries.

It works both ways, when Opec decides to cut production and supplies are in demand, then Canadians benefit as the oil here can be sold at a higher rate. As Opec increases production, the demand is lessened and we can no longer charge such a high prices because the US isn't willing to pay it because they can get it cheaper elsewhere. The fact of the matter is we aren't big enough to dictate prices on a world wide scale, and OPEC is.