Quote:
Originally Posted by Mr.Coffee
The Americans are rocking an enormous trade deficit with Canada right now.
You take oil and gas out of the picture, it’s a +$50B trade surplus with Canada.
They need oil sands oil for the type of crude it is, that can only be replaced with more expensive options in Venezuela or Saudi Arabia.
So yes, they need Canada. Those US refiners will soon be pissed with the American federal government. And ironically, Albertans are going to end up super pissed with Poilievre.
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Isn’t the Venezuelan oil cheaper, but they have sanctions in place? There’s no way the oil sands production costs less than the production in Venezuela though.