Canada is in a fix because NAFTA forces Canada to sell 2/3 of their oil to the US. A Free Trade deal that prevents trade..m
CAN is not able to sell much of Keystone Oil on world market...they would violate NAFTA
Free Trader Commies like Obama know this...and can screw over the Canadians.
NAFTA also screws the US over on this
...because if Canada could sell Keystone oil on world market...oil prices drop...and Islamic Terrorist oil states are crushed
Canada should just abrogate NAFTA...watch their economy grow
False.
Article 605 of NAFTA has been interpreted by some to mean that Canada is required to sell a certain percentage of its energy output to the United States, even in the face of a severe domestic shortage. Moreover, they argue that NAFTA prevents this percentage from falling over time.
Neither of these statements is true. Canadian producers are free to sell as much oil as they wish to whomever they wish, including, for example, overseas customers. As a result, the share of total output exported to the United States can rise or fall according to the normal forces of supply and demand.
The only condition that NAFTA imposes on Canadian energy products is that all buyers in North America must have equal rights to buy those products.
http://www.parl.gc.ca/Content/LOP/researchpublications/prb0633-e.htm