Who thought Norway was "hitting it"?

[chuckChuck]

Irving oil was importing Saudi oil while Harper was prime minister too.

The US shale revolution and increasing production are at the heart of the problem for WCS. We put all our eggs in one basket in one market and over produced the infrastructure needed to carry Alberta oil to US markets. Once line 3 and KXL are running we will be in better shape except The Saudis want to put us out of business. A pandemic at the same time is really killing demand.

There is no easy way out of this unless you want government to decide to build pipelines and more refineries in eastern Canada to use Alberta oil instead of imports. Because the oil companies aren’t That interested.

[MBgrower]

I have asked this question before but no one has ever answered it so I will try again.
Could someone please show me where in Canada's accounts is the payments for Canada is buying Saudi Oil?

Most here overlook that the 100,000 barrels a day of oil that is imported to Canada is not being paid for by Canada but by private refineries, mainly Irving Oil. You overlook the fact the problem and costs of moving oil to the east coast. And as we see now, you ignore the fact that the production costs of Canadian oil is higher than that of Saudi oil and they will always beat Canada in a oil price war. And that even if we have a pipeline, it is no guarantee that Irving would use WCS as it is more expensive both to produce and refine.

So are all the self proclaimed "capitalists" on this site actually demanding that private industry should not be allowed to buy their inputs from who ever they choose? If you feel Canada should force all Canadian refineries to only use Canadian oil are you also in favor of government regulation forcing you to only buy your inputs, and equipment from Canadian suppliers regardless of supply or cost? And if you want the government to have the power to say what can be bought, expect they will also be empowered to limit who and what you can sell. And of course, as an agricultural exporter, I am sure our trading partners who we tell to screw off will be very receptive to buying our grain. Please, all socialists in favor of banning imports of oil, speak up!

Irvings are one of the biggest corporate welfare cases in Canada, may as well be a kebec company.

[dmlfarmer]

Surely to christ you have heard of a tarriff ? For the good of our country?

You mean like India placed on our pulses which everyone here hates. So okay if we do it but not if the countries we export to

And of course you are fine with higher prices for fuel because tariffs increase prices for the buyer of goods. Carbon tax bad but higher cost of goods because government is taxing importers good. Yeah makes a lot of sense

[farming101]

Not sure what happened in 2018. Fell off a cliff!
https://comtrade.un.org/data/ https://comtrade.un.org/data/