Globalism is self-sabotage

[White Wolf]

Oil-Rich Country, Import-Dependent Prices

Canada having oil does not automatically mean Canadians are protected from global price shocks. That meme hits a real frustration, but the full story is more complicated. Canada produces a lot of crude and exports most of it, mainly to the U.S., while some refineries in Quebec and Atlantic Canada still rely primarily on imported crude. At the same time, gasoline and crude are priced in global and North American markets, so wars, supply threats, refinery issues, taxes, and wholesale market swings still hit Canadian pump prices even in an oil-producing country.

So the public anger is understandable: Canada is energy-rich, yet ordinary drivers still pay world-market prices. That is the real political pressure point. The sharper criticism is not simply “we buy oil from other countries,” but that Canada’s production, refining, pipeline, and market structure leaves consumers exposed despite the country’s resource wealth. Recent reporting also shows the Middle East conflict has been pushing crude and Canadian fuel prices higher again.


Link:
https://www.facebook.com/share/p/14gGmYCEDeP/