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Even at his most blatantly brazen and brutally bombastic Donald Trump would never dare to suggest such a lopsided deal. Nope, not even The Donald would seriously propose selling a customer something for $50 while at the same time buying that exact thing for only $20 from that same, sorry fellow. But then the current president of the United States didn’t have to. No, Canada managed to come up with this humdinger of a deal all on its lonesome. In fact many people across certain parts of this country think such an arrangement is fine and dandy – trading barrels of oil back and forth with our grateful, if slightly incredulous American neighbours on exactly those ludicrous terms. The massive spread between what Canadian heavy oil fetches when exported to the U.S. compared to the benchmark West Texas Intermediate price has become such a ridiculous economic monstrosity even our asleep-at-the-switch provincial government has woken up: after figuring out the huge loss of revenue to those barren treasury coffers. Yep, Premier Rachel Notley has plans on becoming a modern-day Van Horne by purchasing rail cars to get more oil moving southward. Oh, and we also plan to shutter more crude […]
