Don't mess with Canada!
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')Question: Who is the largest supplier of energy resources to the United States?
Answer: Canada.
Canada exports more crude oil to the United States than any other nation, including Saudi Arabia. All of that oil, along with a gusher of natural gas, comes free of any kind of export controls or tariffs, courtesy of NAFTA. In fact, the United States consumes almost 100 percent of Canada's energy exports.
Which undoubtedly puts Canada in the driver's seat should a new president of the United States decide he or she wanted to "renegotiate" NAFTA.
David Emerson, Canada's trade minister, took some pains to remind Hillary Clinton and Barack Obama of U.S. dependence on foreign (Canadian) oil on Thursday, according to a Globe and Mail story a reader kindly forwarded to me.
Americans' privileged access to Canada's massive oil and gas reserves could be disrupted if Washington cancels the NAFTA accord as Democratic presidential candidates threaten, Canadian Trade Minister David Emerson warned yesterday.
"There's no doubt if NAFTA were to be reopened we would want to have our list of priorities," he said.
In other words, if you Yankees think you can wave a magic wand and "renegotiate NAFTA" so as to be more beneficial to Americans at the expense of Canada's interests, think again, because we'd be happy to close off the oil spigot and sell our crude, to, oh, I don't know, China.
Don't mess with Canada!