A timely recent article involving Irving Oil in lieu of all the tariff talks.
https://www.cbc.ca/news/canada/new-b...-all-1.7432107
RPP Market data
https://www.cer-rec.gc.ca/en/data-an...cent-2022.html
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Since 2010, Canada’s imports of refined products such as gasoline, diesel, heating oil, condensate, and jet fuel have roughly tripled.
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Quote:
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While Canada’s refineries produce more RPPs than Canadians consume, RPPs are still imported into the country because some parts of Canada do not produce enough RPPs to supply local needs. These areas are often not well-connected by transportation infrastructure to parts of Canada that have excess RPPs to spare. Provinces that are not as well-connected to pipelines but have tidewater access, such as Quebec and Newfoundland and Labrador, tend to import a larger portion of RPPs from other countries besides the U.S., including European countries. Ultimately, each RPP distributor or reseller makes the decision of where to source its RPPs based on several factors, including the specifications of the product, product pricing, availability of local supply, cost of transportation, and other logistical considerations.
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We will see how strong Canadian unity is when Ontario and Quebec are hit with excessive gas prices with tariff wars and gas shortages due to our inability to refine our own products and lack of infrastructure within our country.
More relevant info.
https://www.cer-rec.gc.ca/en/data-an...s-in-2023.html
What happens when the US shuts down the Enbridge Mainline (as it has been threatened in the past by Michigan)? Our infrastructure is fully reliant on the US.
