August 9, 2018
Oil from the US could fill the gap while we get our own oil going east.
Judith Dwarkin – Chief Economist for RS Energy Group based in Calgary – says it would be easy for Canada to replace Saudi oil imports.
“The Saudis, if they choose to supply less to Canada, will divert those barrels, possibly to China, and U.S. barrels that would have gone to China, but are uncompetitive under Chinese tariffs, come to Canada. Basically, the cupboard gets rearranged.”
Canada gets just about 80,000 barrels from Saudi Arabia, while we ship $3.5 million barrels to the US everyday. All that’s missing are the pipelines (*cough* Energy East *cough*), to get our Canadian oil spread throughout our entire nation.
rom the US could fill the gap while we get our own oil going east.
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