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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Kayaker who wrote (116116)	1/3/2009 4:16:33 PM
From: Webster Groves	5 Recommendations Read Replies (2) of 206084

My statement stands despite your misdirection. Under NAFTA the US cannot dictate to Canada the source of oil it imports from Canada. If the US refuses to buy oilsands crude, that is their decision, but Canada is not obliged to provide equal quantities of "traditional" oil to the US to fulfill its NAFTA obligation to allow US equal access. However, in practice the so-called "world price" would limit the ability of Canada to develop oilsands when prices are low as they are now. The funny thing about NAFTA is that it demands that Canadians pay the same for oil as the Americans, something Ottawa was willing to give in return for "trade protection" for Ontario auto assemblers. If you think oilsands development is a business solely under control of businessmen, ask Alberta's oilmen their opinion of the provincial royalty tax. Of course, government can dictate development, and not always for the betterment of oil. The federal government could also promote the oilsands by underwriting pipeline construction, and I think they should. wg

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