USA = 73.5% of imports (500,000 b/d)
Canada exports 3.5 million b/d to USA
Do you seriously think you can block American oil imports without retaliation?
That a risk you're willing to take?
Same question about the Saudis, the twitchy neurotics who blow a gasket when a Canadian cabinet minister tweets about them.
Ready for 5,000 Albertans to be barred from work in SA? Contracts to be cancelled? Etc.
Who pays that $7?
Consumers? Good luck with that.
The Canadian, Quebec or Ontario govts? Ha!
So, best case, 8 yrs for review/approval, 2 yrs for construction...but your buddies Kinder Morgan just forecast peak oil demand in 2030.
Timing, am I right?
See, this is why I argue the Alberta political/oil industry leadership really sucks at politics.
Yet, you're asking Canada for a massive intervention in the one market that arguably functions as a real market.
Just a wee bit hypocritical? Right?