Wilson

Good news & bad news. Good news for the end of a narco-state. Bad news for the Canadian economy. Canadians have no idea what this means for our oil industry & our economy. A US “friendly” President will be installed. The US will lift sanctions from Venezuela & heavy crude oil will be imported into the US. Meaning, Canada’s primary customer for crude, the US, will now have cheaper options available. By Canada not pushing through with Keystone XL, expansion to Asia and Europe, will cost us dearly. Trump wanted Keystone XL. He mentioned it several times earlier this year. And now he’s got something bigger and better: the biggest oil reserves on earth. This was the key leverage we had on CUSMA… the US dependency on our oil. Now that’s gone. Carney took too long to negotiate, Trump likely realized that Canada will never supply the quantities of oil/gas the US wants/needs & instead, he “diversified”. I know this is going to make Carney sweat. It’s not good news for Canada’s economy. We had a potential for a monopoly & we blew it.