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- Start of the list Can Trump really do without Canadian oil? of 6 elements. Skip the list?
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PHOTO : Associated Press-Matthew Brown / Press Reuters-Brian Snyder
Can Trump really do without Canadian oil?
The President of the United States wants to revive the oil and mining industry at the expense of Canada.
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PHOTO: Reuters / Carlos Barria
United States President Donald Trump wants to do without Canadian oil by increasing local oil and gas production. He even declared an “energy emergency” to achieve his goals and signed four decrees to this effect, including one to revive the oil and gas industry.
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“We don’t need their oil and gas. We have more than anyone. »
DONALD TRUMP
President of the United States
-PHOTO : pool/afp via getty images / CHIP SOMODEVILLA
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4,3 millions
This is the quantity of additional barrels of oil that the United States will have to produce if it wants to free itself from Canada. Which represents a fifth of American needs, often purchased at a discount by refineries from Canadian producers.
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And if the United States managed to increase its production, would it finally be rid of Canada?
No, there is light oil and heavy oil. In the United States, there is mainly light oil, while Canada exports mainly heavy oil. American refineries should therefore turn to Venezuela, a country with which the United States has tense relations.
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Donald Trump does not necessarily have the last word
PHOTO: The Canadian Press / Jeff McIntosh
“It’s up to producers to decide where they want to drill and at what volume,” says Martin King, an analyst at RBN Energy. And despite the president’s good wishes, pushing the machine to its maximum even without environmental regulations will not happen instantly, but will rather take years, according to the specialist.
End of the list Can Trump really do without Canadian oil? of 6 elements. Return to top of list?
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