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Originally Posted by #-3
US is a Net Exporter of O&G, so the impacts will probably more macro than directly targeting Alberta.
I know other commodities better, but based on what I know of them. If he creates wide spread retaliatory tariffs, then in could increase demand from products in other countries outside of the US, but Alberta isn't the best place to ship from to capture that demand. But you could also see Canada follow suit in a effort to keep the in the US's good graces, than you could see us get into a trade war with other potential customers, but also having exclusive access to the US market.
Moral of the story, if they vote for chaos it's really hard to predict what happens.
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It would make sense for them to rely on their domestic industry and tariff foreign oil. If you slap a 20% tariff you can buy your domestic oil at say 70 bucks a barrel and then if foreigners want to get in the market they sell to you at 57 bucks a barrel to compete with the cost of US domestic oil after the tariff.