Summary

Ontario Premier Doug Ford warned that Canada could cut off energy exports to the U.S. if Donald Trump imposes a proposed 25% tariff on Canadian goods.

Ford emphasized that 60% of U.S. crude oil imports and 85% of electricity imports come from Canada, highlighting the potential impact.

Canadian leaders, including Prime Minister Justin Trudeau, criticized the tariffs as harmful to both economies, while Deputy PM Chrystia Freeland suggested broader retaliatory measures.

The dispute raises concerns over trade relations and escalating economic uncertainty for both nations.

  • @[email protected]
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    39 days ago

    Not all crude oil is the same.

    The US has some pretty premium stuff that can be made into jet fuel and the like, and imports more lower quality stuff that is used for gasoline, etc.

    • @[email protected]
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      9 days ago

      i think you have it backwards, jet fuel and diesel are easier to make and gasoline requires heavier, more energy-intensive processing (like reforming or cracking). jet fuel up to fuel oils are just desulfurized distillates

      but you can make it work with either, it just means yield is smaller. rearranging refinery so that it can take different source of crude is a long and expensive process tho