Markham Hislop claims U.S. heavy crude reliance creates leverage for Canada

Markham Hislop claims U.S. heavy crude reliance creates leverage for Canada
@politicalham: US crude reliance leverage

Markham Hislop highlights the significant reliance of the U.S. on heavy sour crude, consuming 5 million barrels per day (b/d) of it. Canada plays a crucial role in this supply chain, providing 3.5 million b/d of the heavy oil needed.

Hislop suggests this dependence could potentially offer Canada leverage over the U.S., noting that converting U.S. refineries to process light sweet crude instead would require significant investment and construction over many years.

Such dynamics underscore the intricate balance between North American supply and refining capacity. As the U.S. grapples with ongoing shifts in energy production, these themes are reminiscent of earlier observations on the latest developments in U.S. oil output, including the implications of drilling slowdowns and a production surge to 13.9 million b/d, as detailed in Markham Hislop's analysis.

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