The response is that because Canada trades its oil on the open market, market prices apply, etc., etc.
That, and extraction from the tar sands is hideously expensive. In days past, it was cheaper to heat the Maritimes with oil tanked in from Venezuela than it was to bring in oil from Alberta. I have no idea how the Newfoundland and Nova Scotia fields may have changed that particular equation in recent years.
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Date: 2006-04-26 03:24 pm (UTC)That, and extraction from the tar sands is hideously expensive. In days past, it was cheaper to heat the Maritimes with oil tanked in from Venezuela than it was to bring in oil from Alberta. I have no idea how the Newfoundland and Nova Scotia fields may have changed that particular equation in recent years.