Oil from the US could fill the gap while we get our own oil going east.
Judith Dwarkin – Chief Economist for RS Energy Group based in Calgary – says it would be easy for Canada to replace Saudi oil imports.
“The Saudis, if they choose to supply less to Canada, will divert those barrels, possibly to China, and U.S. barrels that would have gone to China, but are uncompetitive under Chinese tariffs, come to Canada. Basically, the cupboard gets rearranged.”
Canada gets just about 80,000 barrels per day from Saudi Arabia, while we ship $3.5 million barrels to the US everyday. All that’s missing are the pipelines (*cough* Energy East *cough*), to get our Canadian oil spread throughout our entire nation.
That’s why getting our oil from US while we move towards full energy independence is a no-brainer, and would be very easy. Unlike Saudi Arabia, the US has similar values to Canada, and there’s no need to ship anything overseas in that case.
Dwarkin’s comments make it even more disappointing that the Trudeau government hasn’t taken swift action to cut off all Saudi oil imports. We don’t need Saudi oil, and we shouldn’t be letting them insult our country while still buying their oil.
We need to stand up for our national pride, ban Saudi oil from entering our country, buy from the US in the interim, and become fully energy independent. Anything less represents the sad embrace of weakness, instead of moving towards strength.