Alberta Premier Rejects Using Oil as a Weapon Against Trump
Alberta’s Premier Danielle Smith has rejected the idea of slapping export taxes on crude oil exports to the United States in retaliation for the Trump administration’s tariff salvo against Ottawa, saying they would be damaging to Canada. “Although I understand the need to respond strongly to these tariffs, I cannot think of a more disastrous policy decision than cutting off or taxing Alberta’s oil to the United States,” Smith said as quoted by Global News, adding that the move would trigger a disproportionate tariff response from the United States that could hurt the Canadian economy.
Why It Matters
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Key Facts
- Fact 1: Alberta exports about 4 million barrels of crude oil daily to the United States.
- Fact 2: Last year, the total value of these exports stood at about $80 billion.
- Fact 3: This may be theoretically true, but with Venezuela’s oil production at barely above 1 million barrels daily and not all of that going to U.S.
Alberta’s Premier Danielle Smith has rejected the idea of slapping export taxes on crude oil exports to the United States in retaliation for the Trump administration’s tariff salvo against Ottawa, saying they would be damaging to Canada. “Although I understand the need to respond strongly to these tariffs, I cannot think of a more disastrous policy decision than cutting off or taxing Alberta’s oil to the United States,” Smith said as quoted by Global News, adding that the move would trigger a disproportionate tariff response from the United States that could hurt the Canadian economy.
“It would not only extinguish the livelihoods of hundreds of thousands of Albertans, it would economically hobble our friends and neighbors in other provinces to the east,” she said, warning of millions of jobs getting lost as a result of the tariff war. Alberta exports about 4 million barrels of crude oil daily to the United States. Last year, the total value of these exports stood at about $80 billion.
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