Prime Minister Justin Trudeau said 'there isn’t a snowball’s chance in hell that Canada would become part of the United States,' on the same day U.S. president-elect Donald Trump declared that he’s open to using 'economic force' to acquire Canada.
Summary
Donald Trump suggested using "economic force" to acquire Canada, citing trade deficits and national security benefits.
He also claimed the U.S. "subsidizes" Canada by up to $200 billion annually.
Canadian Prime Minister Justin Trudeau dismissed the idea, saying, "there isn’t a snowball’s chance in hell" Canada would join the U.S.
Meanwhile, U.S. President Joe Biden praised Trudeau’s leadership as he prepares to leave office amidst rising U.S.-Canada trade tensions and tariff threats under Trump.
Oil doesn't go off if you store it properly. Or don't extract it in the first place. The fact it has been in the ground for millions of years is testament to that.
And, there's that whole Putin thing I alluded to. Europe might well be interested in surplus oil.
Yeah, we should be using renewables, not fossil fuels, but a lot of the old infrastructure is still here. There's bound to be some interest.
I do feel for the oil workers who might be affected by all this, though, which might be what you're getting at.
Oil (EDIT: in the ground) is stored under a lot of pressure, oil wells cannot be shut off and restarted easily, some might never start again when being shut off, building refineries and pipelines takes years and storing large swaths of crude above ground is incredibly inefficient.
In the end you need a good processing and logistics to get the stuff on the market constantly.
Why cant Canada introduce legislation to Stop providing cruse oil through those Pipeline? Starting from Trumps Inauguration or at least from the start of the next contract renewal. Would be one hell of a Inauguration present
Most of Canada isn't even habitable for weird Canadians. I live close to Maine, and there are some times of the year where you arne't leaving home for a day or two until the snowplows dig everyone out. and our winters are MILD