Summary
Donald Trump suggested using “economic force” to acquire Canada, citing trade deficits and national security benefits.
He also claimed the U.S. “subsidizes” Canada by up to $200 billion annually.
Canadian Prime Minister Justin Trudeau dismissed the idea, saying, “there isn’t a snowball’s chance in hell” Canada would join the U.S.
Meanwhile, U.S. President Joe Biden praised Trudeau’s leadership as he prepares to leave office amidst rising U.S.-Canada trade tensions and tariff threats under Trump.
Yeah. But Canada was dumb enough to build pipelines into America instead of their own refineries or shipping, so they’re kind of stuck.
And Trudeau is resigning and while I don’t know much about his likely replacement…
He doesn’t seem great
Pipelines can be shut off. It’s a Putin-approved tactic.
And then Canada sells this unprocessed oil to…who exactly? Gotta get it to a coast if you can’t pipe it through the US and Canada is yuge
Oil doesn’t go off if you store it properly. Or don’t extract it in the first place. The fact it has been in the ground for millions of years is testament to that.
And, there’s that whole Putin thing I alluded to. Europe might well be interested in surplus oil.
Yeah, we should be using renewables, not fossil fuels, but a lot of the old infrastructure is still here. There’s bound to be some interest.
I do feel for the oil workers who might be affected by all this, though, which might be what you’re getting at.
Oil (EDIT: in the ground) is stored under a lot of pressure, oil wells cannot be shut off and restarted easily, some might never start again when being shut off, building refineries and pipelines takes years and storing large swaths of crude above ground is incredibly inefficient.
In the end you need a good processing and logistics to get the stuff on the market constantly.
Why cant Canada introduce legislation to Stop providing cruse oil through those Pipeline? Starting from Trumps Inauguration or at least from the start of the next contract renewal. Would be one hell of a Inauguration present