Quote:
Originally Posted by Ironhorse
Considering we do not really export nor import our gasoline to/from the USA in Alberta, I'm surprised this is being used as a reason.
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It's all about differentials in a very interconnected market. Losing Houston completely disrupts the North American supply/demand orbits. Sure, Alberta's supply/demand orbit doesn't intersect with Houston's. But Alberta's supply/demand orbit overlaps at the edges with another region's orbit, which overlaps at the edges with another region's orbit, which overlaps at the edges with Houston's orbit.
Everything is connected.
Here's a thought experiment for you: Pretend every refinery in the Gulf and on the East Coast (you know, the ones that don't serve our direct import/export markets) were shut down forever. Do you really think the price of gasoline in Calgary would never go up?