Quote:
Originally Posted by Traum
Our oil exports are absolutely a meaningful source of income for the US. US refineries take our crude / bitumen and process them into petroleum products to turn in a nice profit.
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This.
Smith is out of her league and has no clue what she’s doing. Remember Trump’s catchphrase, 'drill, baby, drill'? Well, that’s exactly what he’s likely to do which is increase domestic production so the US isn’t reliant on oil imports. This is bad news for Alberta.
The only saving grace for us, as you mentioned, is that many US refiners are designed for heavy crude, which is what we export to the US. If Trump focuses on boosting light crude production, that might work in our favour. But who knows what he’s actually going to do at this point?