Tuesday, November 6, 2012 10:38:34 AM
@patchy: That's true! But it`s that way on purpose, eh? Rather than Canada and the USA competing over refineries, it`s cheaper (in the long haul) to pump crude down to the USA than to refine it up here and THEN pump it. Why? Because a refinery running at 50% capacity loses tons of money every day!
However: When Obama Killed Keystone he violated a FTA rule, and NOW Canada is free to sell THAT OIL to anyone we please, including China! We`d need to refine it first, so now we`re free to build some refineries too! Win + Win for Canada! Jobs Jobs galore! Lose - Lose for the USA! Lost jobs + more lost jobs.
Tuesday, November 6, 2012 8:23:45 AM
@Cajun: Why thank you! We indeed have plenty of oil, but funny thing is we have few refineries, so we sell our crude to you to refine and sell back to us. Kind of a weird system but whatever.