December 5

Oil Patch in Canada Has $24 Billion Shield Against Trump Tariffs

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Transmountain pipeline created by Grok on X
  • Expansion of Trans Mountain started operation in May
  • Pipeline provides direct access to Asian markets, avoiding US

The expansion of Canada’s Trans Mountain pipeline represented a $24 billion bid to help the country’s oil producers reduce their near-total reliance on the US market. That’s a bet that may pay off sooner than expected if President-elect Donald Trump follows through on his tariff threats.

The Trans Mountain expansion added almost 600,000 barrels of daily shipping capacity when it started operation in May, allowing drillers to boost output and ushering in a period of stable and relatively higher prices for Canadian oil. Importantly, the conduit stretching from Edmonton to a Pacific port near Vancouver has also lived up to its promise of opening new markets for oil sands crude in Asia.

Energy News Beat 


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