Chinese refiners are importing record amounts of Canadian crude after slashing purchases of United States oil by roughly 90 per cent amid escalating trade tensions.
So Trump pushed Canada right into China’s arms. This is working out exactly as he planned.
Be patient. Im sure they accounted for this.
Its really going be something, people are saying.
Something the likes of which the world has never seen.
Drill baby drill.
It would not just be Canadian oil.
Chinese demand has been dropping.
US demand is probably dropping. Global demand is probably dropping. This is trump’s answer to global warming dissolve the global economy.
I think we would much rather see China buying from Canada than from Russia. They probably buy all they can from Russia at discount prices.
After Keystone pipeline was blocked didn’t Canada build pipeline to the Pacific coast. Sales to Asia is no surprise.
Bob was telling me that the pipeline to the Pacific Coast would not supply enough oil. But now they just seized 90 percent of the American market to China.
I’m sure Canadian oil gets to market one way or another. If not by pipeline, probably by unit train. Success encourages expanding pipeline capacity.
My original point exactly.