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Neolithic Transit Revolution
The Globe and Mail
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Comments by "Neolithic Transit Revolution" (@neolithictransitrevolution427) on "The U.S.–Canada trade war, explained" video.
If you're real; what do you think we're living off your success? Because we trade with you? What do you think will happen to your export industries? We produce oil and you refine it to gas. This is like a wheat farmer selling to a flour mill, and having the flour mill expecting us to buy as much as we sell wheat. It makes no sense. We supply you materials that you turn into your own exports. Canada has the 10th largest trade deficit of anyone you trade with. Why are we receiving higher tariffs than China?
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If we try to join OPEC or cut oil production, aside from the physical difficultly in reducing SAGD outputs, what happens next? Does Trump cut off RRPs to Thunder Bay and cut off the pipelines through Michigan? If we reverse Pipleline 7A to import oil from overseas to southern Ontario, does he blockade the St. Laurent? We're going to throw everything we have at an impluse of Trump's. When does the US Army walk into Alberta?
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A lot of Alaska also depends on tourism
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Why is there never discussion on the deflationary aspects on our exports. Oil prices will collapse if demand is impacted, which means demand must be constant, and therefore prices will decrease 10%. Alberta is going to get cooked.
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