The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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From: Elroy Jetson	11/26/2024 5:09:48 PM
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With a new 25% tariff on Canadian oil exports that transit the United States, Canadian Conservatives are excited and hoping this means Donald Trump is keeping his campaign promise to lower Canadian oil prices. Apparently by 25%, even though he promised a 50% reduction in the price of oil. Maybe more tariffs to come? . 92% of Canada's oil production is exported through the United States via the Keystone Pipeline and Warren Buffett's railcars. Only 8% of Canadian crude oil production is shipped from Canadian or adjacent US seaports due to extremely limited pipeline capacity from Alberta to sea ports. The oil refinery in Nova Scotia imports all of their crude oil from Saudi Arabia because it's too far and too costly to import Canadian crude to the east coast. Even the majority of the Transmountain pipeline is actually exported via American ports, now attracting a 25% tariff on that final 18 miles. Canada's only sea export oil terminal

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