pull down to refresh
Tough break for Canada
Effectively a failed state being held together just barely by Alberta.
Common language, culture and kindred blood is all they have left... oil rug pull is the second to last chess piece before they become just another part of the hemispheric security conversation and made a state... last chess piece will be cleaning up the rigged elections/voting machines.
They don’t even really have a common language, with a bunch insisting on speaking French.
My sense is that Alberta would be willing to petition for statehood separately, long before the rest of the country.
Oh yea Alberta would jump at the chance, probably a few of the other western provinces too. Wouldn't count out New Brunswick either, errant how Vancouver and Ontario control the narrative.
The Quebecois are full of shit because they can get away with it within Canada, if there's any risk to Oil subsidy and American tourism they'll cooperate. In my experience there they all have good-enough English even if they pretend otherwise.
I think the margin thing actually came up on Landman recently, there's a sweet spot, obviously there's no margins if you're giving the stuff away... but short of that there's a vast supply chain that incurs the cost.
The inverse is also true, I remember when oil was over $100 the producers didnt like it because of demand destruction and inflation in the supply chain.
According to the AI's there's 1M/b/d slack in refining currently, the entire gulf coast refining apparatus is built for this shit and not currently getting it... that 1M a day is before we consider winding down Saudi (higher transport and politcal cost) and Canadian oil (higher extraction cost)
(my favorite part of this actually may be Canada losing its only leverage)