Quote:
Originally Posted by Mr.Coffee
You guys all see the report that US refiners are now working with US administration to recalibrate their facilities to use domestic oil supplies?
Now THAT is an existential threat to Canada. They get that done, and we still don’t have enough non-US export capacity for our oil, then we really will have no leverage with them in a tariff war.
We should have started pipeline construction to Prince Rupert on Monday.
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I could only find this article on it. It doesn't go into much depth though.
https://finance.yahoo.com/news/top-u...222239813.html
It was something they said during an earnings call so I would personally take it with a grain of salt. Switching to light crude would be a lengthy and costly process and doesn't make much sense as a national strategy. They currently make more money selling their light crude and buying cheaper heavy crude to refine.
https://www.soscip.org/why-america-s...-canadian-oil/
Edit: I agree with you though, let's get energy and any other Canadian assets we can flowing east-west.