Canada sells more oil to the United States than any other country does. We planned to sell another 830,000 barrels a day through the Keystone project carrying oil from Alberta to Texas. But a telephone conversation between Hillary Clinton and President Obama has delayed the Keystone pipeline until after the 2012 election and maybe has killed it for good. This is another example of Obama refusing to make hard decisions and punting them down the road.
Angered by this political delay, the Harper government lost no time in talking tough. The government will now look to Asia for new oil markets. Canada’s ace in the hole is a Northern Gateway pipeline which will carry Alberta oil to the B.C. coast, then ship it to countries like China.
Harper also announced yesterday that Canada will formally ask to join the Trans-Pacific-Partnership trade group of nine Asia-Pacific countries.
Does this threat to sell oil to Asia strike you as an attempt to punish the United States for its perfidy on delaying the Keystone pipeline?
Can Canada afford to get into a trade war with the U.S.?
Should Canada go through with its threat to sell our oil to Asia?
What do you think?