Pipelines, energy and natural resources

[ytz]

Not to mention hopefully creating a resource dependency in our favour- potential chip to play.

China has a target of no more than 10% of regular imports from one country. Specifically to avoid the kind of dependency you are hoping for here. They only break that rule occasionally for Russia to get large discounts.

 

[ytz]

I will add too that it's bizarre to think that China will be more dependent on us than the other way around. Typical Canadian delusion.

China imports 12 mbpd. Take the 10% rule. Let's say they import 1.2 mbpd from Canada. Who do you think will care more about that trade? For China that's 10% of its imports. For Canada, that would be 20-25% of oil exports. At that point, all they have to do is threaten to cut import orders and every Albertan "separatist" will suddenly be telling us about how great BYD EVs are. Heck, we haven't even ramped up exports to China yet and Danielle Smith is already talking about how great Chinese HSR and EVs are.

 

[Kirkhill]

I will add too that it's bizarre to think that China will be more dependent on us than the other way around. Typical Canadian delusion.

China imports 12 mbpd. Take the 10% rule. Let's say they import 1.2 mbpd from Canada. Who do you think will care more about that trade? For China that's 10% of its imports. For Canada, that would be 20-25% of oil exports. At that point, all they have to do is threaten to cut import orders and every Albertan "separatist" will suddenly be telling us about how great BYD EVs are. Heck, we haven't even ramped up exports to China yet and Danielle Smith is already talking about how great Chinese HSR and EVs are.

Why do you have to do that? So many times I really want to agree with you then you have to go and spoil it.

"I will add too that it's bizarre to think that China will be more dependent on us than the other way around. Typical Canadian delusion.

"China imports 12 mbpd. Take the 10% rule. Let's say they import 1.2 mbpd from Canada. Who do you think will care more about that trade? For China that's 10% of its imports. For Canada, that would be 20-25% of oil exports."

You were good up to there.

 

[Brad Sallows]

Canada isn't dependent on China. There are some moneyed interests that may be stuck in, and probably quite a few people who have far eastern venture funds in their portfolios, but I'd guess that latter exposure is pretty small (the far east is a big place with a lot of countries).

If China flexes, we tighten our belts; depending on where the impact falls there, they might get riots.

 

[ytz]

Canada isn't dependent on China. There are some moneyed interests that may be stuck in, and probably quite a few people who have far eastern venture funds in their portfolios, but I'd guess that latter exposure is pretty small (the far east is a big place with a lot of countries).

Dependent in the strictest sense? No. For markets? Sure. How many Prairie farmers would howl if China stopped taking Canadian soybeans and canola?

 

[Brad Sallows]

Dependent in the strictest sense? No. For markets? Sure. How many Prairie farmers would howl if China stopped taking Canadian soybeans and canola?

Yes. As I wrote, tighten our belts. I doubt we'll have even as much as a trucker convoy to Ottawa for this proposed scenario.

 

[brihard]

I will add too that it's bizarre to think that China will be more dependent on us than the other way around. Typical Canadian delusion.

China imports 12 mbpd. Take the 10% rule. Let's say they import 1.2 mbpd from Canada. Who do you think will care more about that trade? For China that's 10% of its imports. For Canada, that would be 20-25% of oil exports. At that point, all they have to do is threaten to cut import orders and every Albertan "separatist" will suddenly be telling us about how great BYD EVs are. Heck, we haven't even ramped up exports to China yet and Danielle Smith is already talking about how great Chinese HSR and EVs are.

However, oil is a largely fungible commodity, allowing for the particular infrastructure for refining different grades of oil. If China has refineries configured to the type of heavy, sour oil they get from us, they’re would need to substitute it with similar oil from someone else. If another producer diverts exports from another customer to supply China, that other customer will now be a demand in search of supply, to our supply in search of demand.

Typically the markets organically lead to the relatively efficient meeting of supply and demand via pricing. China could choose to buy equivalent oil that isn’t priced as well in order to avoid buying from us, sure. Be kinda dumb to do that, and it would just mean someone else ends up buying ours also less efficiently.

 

[Fishbone Jones]

I found the letter rude and offensive
Why would I vote for a political party currently being run by this man ??
I find it hard to excuse his behaviors and he is driving me farther away from supporting the Conservatives.

So you believe Carney and his cronies are right when they try demonise Poliviere and Conservatives as Maple MAGA? What is the Conservative connection to the Trump administration? What in the world would make you base your Canadian vote on the actions of a foriegn leader? Poliviere has been more than clear, now and in the past, about the false liberal narrative of him being attached at the hip to the GOP. Is it a matter that you prefer carney and the liberals over Poliviere and the Conservatives and you're just trying to justify your choice ahead of time?

 

[GK .Dundas]

I don't really like Carney but as for demonizing the Conservative Party , the Conservatives are too busy doing that themselves ,the Liberals quite frankly don't have to .
I want to see actual ideas not temper tantrums. I want to see some actual leadership
So far I've not seen see any.
During the last election I spoiled my ballot because at the time neither party had earned it.