Cut off trade with Canada, and you lose:
- 2/3rds of US oil imports = 4 million BPD, i.e. 20% of US oil consumption, which the US buys from Canada at a ~15% discount below the global price (with no substitution alternative for Canada’s heavy crude);
- 98% of US natural gas imports = 4% of US gas demand;
- 85% of US fertilizer imports, which equals 75% of US fertilizer consumption (without which farm input costs would skyrocket;)
-99% of US electricity imports;
- 20% of US critical mineral imports from the United States’ largest source of minerals;
- 25% of US Softwood lumber imports, which would massively increase housing costs;
- $20 billion in tourism revenues from the largest source of tourism to the US
- a $37 billion trade surplus with Canada, excluding energy; and much more.
@MantisFunds@smerconish Because I wanted to confirm what I saw in the 🇨🇦 military research papers with insiders on the Reddit feed. Still no 🇺🇸 investment in 🇨🇦 military.