I see people saying that it's time for Canada to end crude oil imports from Russia.
Good sentiment, but problem is: We already did. Canada's energy imports with the Russian Federation dropped significantly in recent years. (We don't import Russian natural gas.)
Good sentiment, but problem is: We already did. Canada's energy imports with the Russian Federation dropped significantly in recent years. (We don't import Russian natural gas.)
This data is from StatsCan: www150.statcan.gc.ca/t1/tbl1/en/tv.…
I don't profess to have an explanation as to why crude oil imports dropped so drastically in 2020.
I don't profess to have an explanation as to why crude oil imports dropped so drastically in 2020.
If anyone has an explanation, I'm all ears!
The simple explanation (as people are pointing out in my mentions) is a decline in demand early in 2020 followed by a fall in U.S. crude prices.
Ah, this is the kind of detail I was looking for.
https://twitter.com/IanVandaelle/status/1497616509413298180
I will say: Just because we don't import Russian oil/gas doesn't mean we don't have a role to play in weaning Europe off Russian energy products. We absolutely do. Figuring out how to get LNG to Europe should be a key strategic goal for us, immediately.
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