Canada’s energy industry warns ‘Thousands at risk’ from our trade war
After the week, the Canadian energy sector received afraid news – from the United States to apply tariffs on oil and gas imports in the short term.
On Friday, President Donald Trump said Probably, Canadian oil and gas set tariffs in 10 percent.
When this is less fearful, people who work in the energy industry of Canada are still important and say that both sides of the border will affect.
Despite the tariffs, Americans still need Canadian oil and gas, because about two-thirds of oil imports are from the border and many processing plants in the US Midwest are specifically designed to develop heavy canadian crude oil.
“This processing plants depend on Canadian raw. Thus, this is one of the four barrels used by US consumers. Thus, the processes of processing will be forced to collect prices,” said Richard Masson, Public Policy at the University of Calgary Prof.
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However, higher prices are expected to lead to less demand.
“This will be a big blow to the economy of Canada,” he said. “Tariffs will risk tens of thousands of work.”
Canadian Manufacturers’ Union warns American tariffs because Canada reduces US oil and gas imports to the United States, as they can leave the US oil and gas imports
Canadian Press / Graham Hughes
The Canadian Oil Manufacturers’ Union, the US trade dispute can also make a trade dispute with other parts of Canada, especially the United States, which depends on the United States, and there is no immediate alternative sources.
CAPP, “This addictive” can lead to various canadian energy deficiency and canadian energy deficiency and higher prices, such as export restrictions in US exports. “
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