[Toro]

N_Fiddledog N_Fiddledog:

The limited natural gas thing is scary, especially when you put it this way.

$1:

Canada has only 9.3 years left of proven supplies of natural gas at current rates of production. Yet Canada must make 60 per cent of it available for export by NAFTA’s proportionality clause.

http://stoptarsands.wordpress.com/2008/ ... tar-sands/

Canada does not have to lock in 60% of its nat gas exports due to NAFTA proportionality. That is a falsehood. Canada can sell 0% of its oil and natural gas to the US if someone wanted to come in and pay more.

What NAFTA says is that if Canada slaps on export controls, then it must continue to export to the US the relative proportion to reserves Canada has exported to the US over the past three years. If Canada does not institute export controls, then Canada is not obligated to sell a drop of oil or a whiff of gas to the US.

http://www-tech.mit.edu/Bulletins/Nafta/06.energy

Canada's proven supply of natural gas may only be 10 years, but it was about that 10 years ago as well. Plus, the probable reserves are much higher.

[Pimpbrewski]

Mtbr would be proud. I actually did some research. Eventhough, it is a bit old from 2005-2006.

http://www.centreforenergy.com/generator2.asp?xml=%2FEY-Gas_FAQXML.asp&template=PrinterFriendly

$1:

The balance between crude oil supply and demand is determined by world market conditions so a refinery operator in Canada pays the same price as one in the United States or China. Today, crude oil production is running at capacity and, as a result, even seemingly minor geopolitical events can have a magnified effect on the futures market with respect to crude oil prices.

Imported crude oil satisfies more than half of Canada's domestic refinery demand because transportation costs associated with shipping crude oil from Western Canada to eastern regions make it more economical for some refineries to use imported crude oil to supplement production from east coast offshore wells. Natural Resources Canada, Office of Petroleum Price Information, describes Canada's crude oil economy as a "dual market" and reiterates that Canadian refiners are 'price-takers' who have very little influence on the price they pay for crude oil because, "regardless of the source of crude oil, the price is determined in the world market and both imported and domestic crude is priced according to the supply/demand balance and pricing dynamics on the world market."

[lostalex]

the libs on this site sound like Putin. Apperhantly the "liberal" "progressive" "peace lovers" on this site have a double standard. We now see Putin strangling Europe with their natural reasources, threating to shut off the pipes. I'd love tos ee Canada go over to the dark side. be just like Russia. Take yur natural resources, and deprive the strongest military in the world of resources it needs. i wonder what the consequences of that could be, hmmmmm.

You've seen what the US is willing to do for oil as a convenience, what do you think will happen when the US has to fight for resources it NEEDS??? talk about suicidal tendancies??

russia would be yur only ally in that fight. yu think the UK can defend you? lol Australia? lmao. At what price would you re-position towards russia??? Canada, no matter what party is in control, would NEVER cross that line over to the other side.

The US has already shown it will take what it wants, when it wants it. people talking about Russia behaving like a wounded animal?? oh man, yall are delusional if you think you would be ALLOWED to cut off the US. you're insane. you're living in a dream world if you believe that is even an option.

i'm not saying it's right, i'm just saying it's reality.

[uwish]

cut off or not, Canada could make if very difficult for the US. Worst case they could make it even more expensive.

that being said, even if Canada 'cut off' the US supply, which you claim would NEVER happen. The US doesn't have the ability nor the means to do anything militarily (which is what I think you are suggesting).

It would not turn into an armed conflict, it would turn into a huge trade war. Since Canada has 75% of it's trade with the US, they could make it equally as difficult for Canada as cutting of any supply of oil / gas to the US.

That being said, I think Canukistan would last longer, it would take months to feels the full effect of this trade war on Canada, but less than 2 weeks for the US to run out of gas / oil.

[robmik43]

The US could bring Canada to its' knees in no
time flat. Economically. Not a shot needs to be fired.
But they won't need to. We will get along.
NAFTA is in no peril from empty-rhetoric Obama.