RE:RE:RE:RE:RE:RE:Trudeau plan to ban Russian OilPandora wrote: Pandora wrote: Quintessential1 wrote: A complete embargo on Russian imports would be good.
"Canada imported just C$289m (£170m) worth of energy products in 2021, according to Statistics Canada." https://www.bbc.com/news/business-60564781 GLTA Longs
Pandora wrote: ronster65 wrote: ronster65 wrote: He is announcing right now in French.
I called my MP and asked about this to confirm and my MP said that Canada has not taken in Russian oil for some time and Trudeau is only saying thi snow as a political stunt.
We only bring in Oil from USA. (Maybe USA sells us Russian Oil) and this is all semantics??
I believe we (back east) bring in a fair amount of Saudi oil and we sell upwards of 4 million barrels to the U.S. through pipelines other than the XL Pipeline such as Line 3 and Line 5??
Also:
https://www.canadianenergycentre.ca/foreign-oil-imports-to-canada-488-billion-between-1988-and-2020/
"Between 1988 and 2020, Canada’s foreign crude oil imports in nominal dollars ranged from nil in Prince Edward Island and $200 million in British Columbia to $228 billion in Quebec where import values were the highest (see Figure 2a)."
And would it be reasonable to assume that Quebec was using the equalization payments they received from Alberta to pay for their imports of foreign oil?
And while we are on the subject -- while Canada was paying the U.S. $8.8B for importing their crude oil Canada was also exporting oil to the U.S.:
"There are 17 refineries in Canada that have a collective crude oil refining capacity of 2.0 million barrels per day (b/d).
Canada is currently the largest supplier of oil to the U.S. In 2019, Canada exported more than 3.7 million b/d of oil to the U.S. – less than 1% of Canadian exports were delivered to other countries." and.....
https://context.capp.ca/articles/2021/feature-high-cost-of-no-pipelines/