Not all American ally and crony leaders are like sissy Trudeau. Not all will be blackmailed by the Americans

Trump tried to bully Canada and what he did is backfiring badly on the USA. He passed an executive order to keep out Canadian crude and Canadian Prime Minister, Mark Carney, took up the challenge gleefully by selling his oil to Japan, South Korea, India and the European Union. China, by the way, is now the biggest oil market for Canada, so keep those executive orders coming Donnie.

In fact, Mark Carney was expecting this from Trump and had already done his homework earlier by signing contracts with those countries during his oversea visits. The most significant blessing in disguise was that Canada now sells oil at market prices when in the past it was selling them at a steep discount of around US$20 to US$25 a barrel to the USA. I must say this is a perfect case of Trump cutting his nose to spite his face. That Trump executive order is now a massive windfall for Canada, with multiple choices to sell its oil. Canada is now building pipelines East and West to export its oil, besides building refineries to process its own oil. Think about that.

Having said that, many USA oil refineries are now crippled from lack of Canadian heavy crude, and some are sitting idle without the feed. Pump prices in the USA are rising. Goods delivery costs are rising. Supermarket products are becoming more expensive. This has been compounded by the layoffs from big techs and things are not looking good for Trump in November, if he survives that long.


Anonymous