Canadian Prime Minister Trudeau’s decision this week to approve a major expansion of the Kinder Morgan Trans Mountain pipeline has negative implications that go well beyond the borders of the Great White North.
Canada is currently the largest importer of oil to the United States. We import more oil than Saudi Arabia, Venezuela and Mexico combined. We are a secure, stable and reliable trading partner with the US for a product that can make or break their economy.
Right now, Canada has almost zero ability to transport its oil to anywhere other than the United States. There
is no big spigot off of our east, west or north coasts that allows for overseas export to
other markets, particularly in Asia.