Andrew Leach
@aleach.ca
Professor of Economics and Law at the University of Alberta. Interested in climate change, constitutional law, and energy infrastructure. Find me here or on the web at aleach.ca.
It shouldn't but, and I hope that remains true. But a free trade deal should also mean no tariffs, so I guess we'll see. But, if we get into turning off taps, the transshipment must be on the table.
February 3, 2025 at 4:16 PM
It shouldn't but, and I hope that remains true. But a free trade deal should also mean no tariffs, so I guess we'll see. But, if we get into turning off taps, the transshipment must be on the table.
The biggest issues are Sarnia and Montreal, which rely on Canadian crude moving through the US.
February 3, 2025 at 3:42 PM
The biggest issues are Sarnia and Montreal, which rely on Canadian crude moving through the US.
It's rhetoric brought from other industries where the scarcity lies at different points in the supply chain. Little profit in logs relative to lumber or furniture. Trees are plentiful. Large oil resources remain relatively scarce.
February 3, 2025 at 2:52 PM
It's rhetoric brought from other industries where the scarcity lies at different points in the supply chain. Little profit in logs relative to lumber or furniture. Trees are plentiful. Large oil resources remain relatively scarce.
1. The returns on refining pale relative to extraction, and we're not short resources.
2. Labour has opportunity costs and refining is also one of the least labour intensive industries around.
3. We already do that.
Old, tired arguments based on mythology of where the margins lie in oil and gas.
2. Labour has opportunity costs and refining is also one of the least labour intensive industries around.
3. We already do that.
Old, tired arguments based on mythology of where the margins lie in oil and gas.
February 3, 2025 at 2:19 PM
1. The returns on refining pale relative to extraction, and we're not short resources.
2. Labour has opportunity costs and refining is also one of the least labour intensive industries around.
3. We already do that.
Old, tired arguments based on mythology of where the margins lie in oil and gas.
2. Labour has opportunity costs and refining is also one of the least labour intensive industries around.
3. We already do that.
Old, tired arguments based on mythology of where the margins lie in oil and gas.
Here's Canada's refined product sector. We basically produce what we use, with exports and imports on the margin for most products.
February 3, 2025 at 7:10 AM
and that, in most months, we produce more than we need.
February 3, 2025 at 7:09 AM
and that, in most months, we produce more than we need.
It should not be, but who knows?
February 3, 2025 at 6:43 AM
It should not be, but who knows?
In theory, almost all of it.
February 3, 2025 at 6:35 AM
In theory, almost all of it.
We produce most of our own products. The bigger issue is that we move a lot of our crude *through* the US to Ontario and QC.
February 3, 2025 at 6:34 AM
We produce most of our own products. The bigger issue is that we move a lot of our crude *through* the US to Ontario and QC.
Very small net exporters.
February 3, 2025 at 6:34 AM
Very small net exporters.
Short production curtailment of what? Products? Or crude + bitumen?
February 3, 2025 at 5:52 AM
Short production curtailment of what? Products? Or crude + bitumen?
It's EIA data for the US.
February 3, 2025 at 5:52 AM
It's EIA data for the US.
I don't understand what you mean? Almost all of our refined products do remain in the domestic market.
February 3, 2025 at 5:51 AM
I don't understand what you mean? Almost all of our refined products do remain in the domestic market.