• Moderators, please send me a PM if you are unable to access mod permissions. Thanks, Habsy.

New Canadian Politics Thread

IMO Trudeau should make clear that Trump and Americans don’t understand what tariffs are or Canada/US trade relations.

Canada is not a manufacturing economy. It’s not like Americans can choose to buy American widgets over CAnadian. We are a natural resource based economy. We supply 90+% of American imported oil and gas, lumber, potash and energy and 30% of uranium, 20% of steel. They need us more that we need them Period. Our resources are valuable whether they buy it or someone else does.

All Trump did was make electricity, gas, construction and food 25% more expensive for Americans.
 
“Am I going to impose tariffs on the European Union? Do you want the truthful answer or should I give you a political answer? Absolutely, absolutely,”

I guess he's worried about their borders with the U.S as well.
 
Leafyblue said:
Does anybody know how much money the US saves by getting our oil at a discount?
Click to expand...

Lemme go spitball it.

It’s: Bbls/day*($WTI - $WCS)

Update: 4.4 million barrels per day
Latest publicly available price spread (October) is ~$14 per barrel

So, ~$61 million per day
Or ~$22 billion per year

I’m sure it’s more complicated than that, this is just a rough order of magnitude.

Update 2:

This is pretty good: https://cdhowe.org/publication/quantifying-us-benefits-from-canadian-crude-oil-exports/#:~:text=The 4.4 million barrels per,of US$74 per barrel.

tl/dr In simplest terms, the US buys Canadian oil at a discount and exports at full price, which currently yields a US$19 billion annual windfall.

So, they export their own lighter crude to Yurp at a higher price and buy/refine our stuff at a discount.
 
Last edited:
leafman101 said:
IMO Trudeau should make clear that Trump and Americans don’t understand what tariffs are or Canada/US trade relations.

Canada is not a manufacturing economy. It’s not like Americans can choose to buy American widgets over CAnadian. We are a natural resource based economy. We supply 90+% of American imported oil and gas, lumber, potash and energy and 30% of uranium, 20% of steel. They need us more that we need them Period. Our resources are valuable whether they buy it or someone else does.

All Trump did was make electricity, gas, construction and food 25% more expensive for Americans.
Click to expand...

It's going to destroy the lower middle class family, the ones who got him in power but he doesn't care and never did.

If they didn't know the definition of leopard face before they are sure about to find out
 
lecoqsportif said:
Lemme go spitball it.

It’s: Bbls/day*($WTI - $WCS)

Update: 4.4 million barrels per day
Latest publicly available price spread (October) is ~$14 per barrel

So, ~$61 million per day
Or ~$22 billion per year

I’m sure it’s more complicated than that, this is just a rough order of magnitude.

Update 2:

This is pretty good: https://cdhowe.org/publication/quantifying-us-benefits-from-canadian-crude-oil-exports/#:~:text=The 4.4 million barrels per,of US$74 per barrel.

tl/dr In simplest terms, the US buys Canadian oil at a discount and exports at full price, which currently yields a US$19 billion annual windfall.

So, they export their own lighter crude to Yurp at a higher price and buy/refine our stuff at a discount.
Click to expand...
Immediate moratorium on all energy exports to the US. Federal investments in AB to build domestic refining capacity. All other resources subject to export tax. Immediately begin negotiating a comprehensive BTA with China, file under the WTO and CUSMA dispute mechanisms.
 
You must log in or register to reply here.
Back
Top