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Posted on 11/15/2015 9:46:56 AM PST by Kaslin
Well, that didn't take long at all. When Canadians went to the polls and kicked out the nasty conservatives in favor of an all liberal, all the time government, we were pretty sure there were some big changes coming. Among them were, no doubt, plans to fight carbon and save the planet, which is as hot of a topic among Canadian liberals as it is in the lower 48. That expectation was met quite rapidly with Justin Trudeau's announcement that he was getting ready to ban (wait for it) oil tankers off the west coast. (Yahoo News)
Campaign promises often fall by the wayside once politicians make it to office, but not for Canadian Prime Minister Justin Trudeau. Less than a month after his election, Canada's head of state has put his pledge to ban oil tanker traffic into motion.
In a letter published Friday, Trudeau asked his Minister of Transportation to "formalize a moratorium on crude oil tanker traffic on British Columbia's North Coast," the Calgary Herald reports.
Such a ban could potentially shut down the controversial Northern Gateway pipeline, in which crude oil from Alberta would be piped up to north to British Columbia and then shipped overseas. A coalition of environmental groups and aboriginal advocates applauded Trudeau's decision.
Regular readers don't need an extensive recap of the the Northern Gateway situation since we have covered it here exhaustively. Under the previous administration, Canada had made it clear that if we couldn't get the Keystone XL pipeline built they would ship their oil to the British Columbia coast where tankers from China would gladly load up every drop of crude they could produce. If Trudeau actually pulls this off and bans all oil tankers from the coastal region, that would effectively kill off the purpose of building the Northern Gateway and shut down any chance of expanding his nation's energy exports. As the balance of production and refinery capacity in the United States shifts, it will degrade Canada's export prospects significantly.
I hope the Canadians knew what they were getting themselves into when they elected this guy. As they come to grips with this announcement their voters might want to remember their current balance of trade situation which is quite favorable. (Emphasis added)
Canada is the 12th largest export economy in the world and the 33rd most complex economy according to the Economic Complexity Index (ECI). In 2013, Canada exported $438B and imported $437B, resulting in a positive trade balance of $1.69B. In 2013 the GDP of Canada was $1.83T and its GDP per capita was $52k.
The top exports of Canada are Crude Petroleum ($80.5B), Cars ($45.9B), Refined Petroleum ($18.6B), Petroleum Gas ($12.6B) and Vehicle Parts ($10.7B), using the 1992 revision of the HS (Harmonized System) classification.
Take a look at those numbers, Canada. You have, by a small margin, a positive trade balance which is good news for any nation. But of your $438B in exports, $111.7B of it was petroleum based. That's one quarter of your entire economy on the export front. If you cut your throats on petroleum exports you are going to be staring a massive trade deficit square in the eye. I can assure you, the good times sitting around Tim Horton's won't be nearly as sunny with that big of a gaping hole shot through your economy.
Good luck with your new liberal government, Canada. You seem to be off to a roaring start.
Idiocy. Often a family business.
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Didn’t Clown Prince nobama supporters “advise” the Canadians in their recent election? What a pathetic joke on them.
Obviously
Canada
Oh Canada.
This was done as a favor for Obama and his Saudi masters.
Now: 1 Canadian Dollar equals 0.75 US Dollar
Next year: 1 Canadian Dollar equals .6 US Dollar??
Great timing, just before U.S. demand for foreign manufactured goods and services will fall off a cliff (except for goods from places like China).
There’s also the last big oil ruse.
Trudeau 1 stops bombing ISIS
2 bringing 25,000 Muslims to Canada
3 ban oil tankers on West coast of Canada
yep just another Liberal nutcase
The Trudeau regime is bound to not last long -- especially after he imports thousands of jihadists, like his comrade Obama has been doing.
Normalizing leadership stupidity seems to be a goal of those working for the North American Trade Zone to become a political reality.
They do not have to wait four years to get rid of him…
I'm not 100% certain how their government works.But IIRC as long as there are enough individuals in Parliament willing to support him as Prime Minister he remains in office until the next election is required.I'm not sure if elections must take place every 3...4...or 5 years.
As you said, a long 4 years. Ugh.
Are the Liberals indistinguishable from the NPD at this point?
Money talks in politics and I think the crony solar panel capitalists and wind turbine “crap weasels” (Michelle Malkin’s term) helped Mr. Trudeau into power.
In the face of terrorism for our leaders to be obsessed with ‘climate change’ tells me big money is behind it.
Rob Walton (son of Sam) set Wal-Mart on course as a supporter of ‘sustainability’ a decade or more ago when he was Chairman of the Board.
As an Alaskan living next door to the Yukon and the western provinces, I can tell you that Trudeau, to the people of the Yukon, Alberta, and Manitoba, is going to be a curse word like you wouldn’t believe. They will hate him with a passion, similar to how the US “flyover country” feels about Obama.
This area of Canada is commodity dependent, producing the bulk of Canadian oil, it represents the conservative part of Canada.
Notice, I didn’t include the province of British Columbia with the conservative west, the bulk of their population being in the liberal left cities of Vancouver and Victoria, rules the rest of the province.
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