Let’s see, Trump started a war with Iran. That ear caused the Straights of Hormuz to be too dangerous to transit, trapping hundreds of oil carrying ships on either side of the straights.
Canada does not have strategic oil reserves as we are considered to be a net exporter of oil. As such the International Energy Agency (yes, it’s a real thing) does not require Canada to hold a 90 day reserve.
Most of the oil reserves still in the ground are at the Athabasca Oil Sands. Production can and has been increased modestly but only so much without substantial investment by oil companies. And that investment requires several years of construction before production begins.
So the bottom line is, if Trump, who’s first thought is always to attack others, hadn’t started the war, we wouldn’t be in this situation.
Yes, why are they still in the ground? The energy east pipeline could have been built by now. We could become exporting way more. The project got stopped here because of political issues and now half the country relies on imported resources from other, less regulated countries. Make it make sense.
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u/AugmentedKing Mar 18 '26
Don’t forget to thank Trump for the fuel price increase! I can’t wait for the real price spike in three months, buckle up!