January 23, 2025 – CBC Lite
Trump doubles down on U.S. not needing Canadian oil and gas. Canada's industry says that isn't true
By Karina Zapata
The Canadian energy industry is challenging U.S. President Donald Trump’s claim that the United States does not need Canadian oil and gas. Trump suggested the U.S. could rely solely on domestic production, but Canadian analysts argue this is impractical due to the U.S. refining system's reliance on Canada’s heavy crude oil. Rory Johnston, an energy analyst, emphasized that U.S. refineries are optimized for Canadian crude, and cutting ties would be costly and inefficient.
Meanwhile, Calgary-based analyst Martin King with RBN Energy expressed minimal concern, noting that Canadian oil is deeply integrated into the U.S. market, particularly in the Midwest and Gulf Coast. He also suggested that Canadian oil exports through the Trans Mountain pipeline could mitigate any potential impact.
Read the full article here Trump doubles down on U.S. not needing Canadian oil and gas. Canada's industry says that isn't true
The broader concern lies in whether the U.S. might relax regulations on domestic drilling, potentially diverting investment away from Canada—though this trend has been ongoing for years. Overall, analysts see Trump's stance as unlikely to significantly disrupt the North American oil trade.
