Where did you say that oil came from?

If Canada is the largest exporter of oil to the US, is priming to double it’s output capacity, and of course is not a part of the lovable cadre called OPEC, then I have an extemporaneous question…

Why are we kissing the Middle East’s ass, instead of our friendly northern neighbors’?


Will says:

Because Iran/Iraq/Saudi Arabia’s oil reserves make Canada’s look like a drop in the bucket?

michael says:

Noted the map of top oil producing countries: http://www.mapsofworld.com/world-top-ten/world-top-ten-oil-reserves-countries-map.html Is instability in those regions, which exacerbates per-barrel price increases, really worth the effort? You could call this long-term thinking, meaning those reserves are to be protected. But, I wonder if it is short-term thinking, meaning the draining financial resources (think budget and trade deficits) could be better allocated to R&D for fossil fuel alternatives. Would be interesting to see such an analysis.