Quote:
Originally Posted by afc wimbledon
The tariffs are what shuts off Canadian oil and gas to the US, what we do is gt other markets for our energy pronto, get Kitimat up and running fast, get a LNG gas plant on the east coast fast, just announcing LMG plants (paid for by Germany) seriously pushes back
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No, the tariffs won’t shut off Canadian oil and gas to the us. The refineries in the entire mid west are basically fed by the Enbridge mainline which originates here. There’s not an alternate flow path available to replace with us crude. So the oil will still flow, it has to. And either the producers take a 25 percent cut, the refiners take a 25 percent cut or energy costs raise. But the oil will flow. It may temprorarily stop some but even the gulf coast refiners taking heaviy don’t have an alternate heavy us source, they’d be looking at mexico( with same Tardif) or Venezuela.