{"id":94066,"date":"2025-02-04T11:00:00","date_gmt":"2025-02-04T11:00:00","guid":{"rendered":"https:\/\/resourcework2.devstudio.work\/?p=94066"},"modified":"2025-03-30T01:10:41","modified_gmt":"2025-03-30T01:10:41","slug":"oil-trump-debate","status":"publish","type":"post","link":"https:\/\/resourcework2.devstudio.work\/?p=94066","title":{"rendered":"There is no debate about oil’s importance after Trump’s tariff threat"},"content":{"rendered":"\n

While US President Donald Trump\u2019s 30 day delay on tariffs for Canada and Mexico may be a temporary reprieve, the proposed tariffs themselves tell us a lot about the enduring importance of Canadian oil to the US. Unlike other goods hit with a 25 percent tariff, Canadian oil would have been tariffed at 10 percent<\/a> \u2013 a clear acknowledgement by the White House of its strategic value.<\/p>\n\n\n\n

Canada is the US\u2019s biggest supplier of crude oil, with over 4 million barrels<\/a> per day flowing south. These exports are critical to US refiners, particularly in the Midwest where up to 70 percent<\/a> of imported oil comes from Canada. Many US refineries are designed to process heavy oil from Alberta\u2019s oil sands, making Canadian oil a preferred and essential source.<\/p>\n\n\n\n

Despite Trump\u2019s broader trade agenda which has been aggressive on imports, the decision to cap energy tariffs at 10 percent shows the US economy needs Canadian oil. A 25 percent tariff on other sectors might be politically palatable but 25 percent on energy would have triggered price hikes<\/a> at the pump and economic pain for American consumers.<\/p>\n\n\n\n

The threat of tariffs had already spooked<\/a> energy markets, with analysts warning that higher costs on Canadian oil would widen the price differential between West Texas Intermediate (WTI) and Western Canada Select (WCS). That would have hurt Alberta\u2019s producers and cost US refiners more.<\/p>\n\n\n\n

The White House\u2019s decision to lower the oil tariff reflects a pragmatic understanding of these dynamics. Unlike industries where the US has more domestic capacity to replace imports, crude oil is a commodity with inflexible supply chains. The US can increase production but can\u2019t quickly replace the kind of heavy oil Canada supplies.<\/p>\n\n\n\n

Moreover, higher tariffs would have meant higher gasoline prices, a political liability for any administration. The Midwest, a key electoral battlefield, is particularly sensitive to fuel price changes. If Trump had gone ahead with the full 25 percent tariff on oil, Midwestern consumers would have taken the hit \u2013 and the White House surely wanted to avoid that.<\/p>\n\n\n\n

What\u2019s the Lesson for Canada?<\/p>\n\n\n\n

For Canada, the past few weeks have reinforced a harsh reality: its energy sector is still too dependent on the US market. While the expansion of the Trans Mountain pipeline has opened up new export opportunities to Asia, most of Canadian crude still flows south. That makes the country vulnerable to US policy whims.<\/p>\n\n\n\n

Alberta Premier Danielle Smith has already called for accelerating market diversification efforts, new energy infrastructure to the West and East Coasts. Trump\u2019s tariff strategy is a harsh reminder that Canada must prioritize energy security by securing more trade partners beyond the US.<\/p>\n\n\n\n

The 30 day delay is a temporary reprieve but the underlying issues remain. Trump\u2019s trade policies are unpredictable and the risk of tariffs is real. The cost of Canadian crude could still go up and the energy product exemption could be retracted at any time.<\/p>\n\n\n\n

In the long term, Canada needs to strengthen its position by advocating for policies that recognize its role as a reliable energy supplier. The US refining sector needs Canadian crude and any disruption to this relationship would hurt both sides. That oil was tariffed at 10 percent and not 25 percent is proof of its importance \u2013 something Canadian politicians should be using in future negotiations.<\/p>\n\n\n\n

For now, the delay gives us a breather but it\u2019s also a wake up call. The US may be Canada\u2019s biggest customer but it\u2019s not always a reliable one.<\/p>\n","protected":false},"excerpt":{"rendered":"

The fact that Trump would not hit Canadian oil with a 25 percent tariff speaks volumes about the importance of Canada’s most important natural resource<\/p>\n","protected":false},"author":3,"featured_media":94071,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[88,35,670,31],"class_list":["post-94066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-gas","tag-crude-oil","tag-oil-and-gas","tag-trump","tag-united-states"],"acf":[],"yoast_head":"\nThere is no debate about oil's importance after Trump's tariff threat -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/resourcework2.devstudio.work\/?p=94066\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"There is no debate about oil's importance after Trump's tariff threat -\" \/>\n<meta property=\"og:description\" content=\"The fact that Trump would not hit Canadian oil with a 25 percent tariff speaks volumes about the importance of Canada's most important natural resource\" \/>\n<meta property=\"og:url\" content=\"https:\/\/resourcework2.devstudio.work\/?p=94066\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/resourceworks\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-04T11:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-30T01:10:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2025\/03\/post-image-17.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"970\" \/>\n\t<meta property=\"og:image:height\" content=\"658\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Resource Works\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Resource_Works\" \/>\n<meta name=\"twitter:site\" content=\"@Resource_Works\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Resource Works\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066\"},\"author\":{\"name\":\"Resource Works\",\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/#\\\/schema\\\/person\\\/07ac06083ff4580ca268efc27d21d0ab\"},\"headline\":\"There is no debate about oil’s importance after Trump’s tariff threat\",\"datePublished\":\"2025-02-04T11:00:00+00:00\",\"dateModified\":\"2025-03-30T01:10:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066\"},\"wordCount\":600,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/post-image-17.jpg\",\"keywords\":[\"crude oil\",\"oil and gas\",\"trump\",\"United States\"],\"articleSection\":[\"Oil & Gas\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066\",\"url\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066\",\"name\":\"There is no debate about oil's importance after Trump's tariff threat -\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/post-image-17.jpg\",\"datePublished\":\"2025-02-04T11:00:00+00:00\",\"dateModified\":\"2025-03-30T01:10:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066#primaryimage\",\"url\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/post-image-17.jpg\",\"contentUrl\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/post-image-17.jpg\",\"width\":970,\"height\":658},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?p=94066#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"There is no debate about oil’s importance after Trump’s tariff threat\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/#website\",\"url\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/\",\"name\":\"Resource Works\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/#organization\",\"name\":\"Resource Works Society\",\"url\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/RW-logo-02.png\",\"contentUrl\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/wp-content\\\/uploads\\\/2025\\\/10\\\/RW-logo-02.png\",\"width\":227,\"height\":87,\"caption\":\"Resource Works Society\"},\"image\":{\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/resourceworks\",\"https:\\\/\\\/x.com\\\/Resource_Works\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/resource-works\",\"https:\\\/\\\/www.instagram.com\\\/resource_works\\\/?hl=en\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCP4SxvFtt825df7iCIgN_IA\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/#\\\/schema\\\/person\\\/07ac06083ff4580ca268efc27d21d0ab\",\"name\":\"Resource Works\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9520637c4c81c1520755d53523d3b175ed91f00f5ba8436ecdcd0617d8e25bec?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9520637c4c81c1520755d53523d3b175ed91f00f5ba8436ecdcd0617d8e25bec?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9520637c4c81c1520755d53523d3b175ed91f00f5ba8436ecdcd0617d8e25bec?s=96&d=mm&r=g\",\"caption\":\"Resource Works\"},\"url\":\"https:\\\/\\\/resourcework2.devstudio.work\\\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"There is no debate about oil's importance after Trump's tariff threat -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/resourcework2.devstudio.work\/?p=94066","og_locale":"en_US","og_type":"article","og_title":"There is no debate about oil's importance after Trump's tariff threat -","og_description":"The fact that Trump would not hit Canadian oil with a 25 percent tariff speaks volumes about the importance of Canada's most important natural resource","og_url":"https:\/\/resourcework2.devstudio.work\/?p=94066","article_publisher":"https:\/\/www.facebook.com\/resourceworks","article_published_time":"2025-02-04T11:00:00+00:00","article_modified_time":"2025-03-30T01:10:41+00:00","og_image":[{"width":970,"height":658,"url":"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2025\/03\/post-image-17.jpg","type":"image\/jpeg"}],"author":"Resource Works","twitter_card":"summary_large_image","twitter_creator":"@Resource_Works","twitter_site":"@Resource_Works","twitter_misc":{"Written by":"Resource Works","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/resourcework2.devstudio.work\/?p=94066#article","isPartOf":{"@id":"https:\/\/resourcework2.devstudio.work\/?p=94066"},"author":{"name":"Resource Works","@id":"https:\/\/resourcework2.devstudio.work\/#\/schema\/person\/07ac06083ff4580ca268efc27d21d0ab"},"headline":"There is no debate about oil’s importance after Trump’s tariff threat","datePublished":"2025-02-04T11:00:00+00:00","dateModified":"2025-03-30T01:10:41+00:00","mainEntityOfPage":{"@id":"https:\/\/resourcework2.devstudio.work\/?p=94066"},"wordCount":600,"commentCount":0,"publisher":{"@id":"https:\/\/resourcework2.devstudio.work\/#organization"},"image":{"@id":"https:\/\/resourcework2.devstudio.work\/?p=94066#primaryimage"},"thumbnailUrl":"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2025\/03\/post-image-17.jpg","keywords":["crude oil","oil and gas","trump","United States"],"articleSection":["Oil & Gas"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/resourcework2.devstudio.work\/?p=94066#respond"]}]},{"@type":"WebPage","@id":"https:\/\/resourcework2.devstudio.work\/?p=94066","url":"https:\/\/resourcework2.devstudio.work\/?p=94066","name":"There is no debate about oil's importance after Trump's tariff threat -","isPartOf":{"@id":"https:\/\/resourcework2.devstudio.work\/#website"},"primaryImageOfPage":{"@id":"https:\/\/resourcework2.devstudio.work\/?p=94066#primaryimage"},"image":{"@id":"https:\/\/resourcework2.devstudio.work\/?p=94066#primaryimage"},"thumbnailUrl":"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2025\/03\/post-image-17.jpg","datePublished":"2025-02-04T11:00:00+00:00","dateModified":"2025-03-30T01:10:41+00:00","breadcrumb":{"@id":"https:\/\/resourcework2.devstudio.work\/?p=94066#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/resourcework2.devstudio.work\/?p=94066"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/resourcework2.devstudio.work\/?p=94066#primaryimage","url":"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2025\/03\/post-image-17.jpg","contentUrl":"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2025\/03\/post-image-17.jpg","width":970,"height":658},{"@type":"BreadcrumbList","@id":"https:\/\/resourcework2.devstudio.work\/?p=94066#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/resourcework2.devstudio.work\/"},{"@type":"ListItem","position":2,"name":"There is no debate about oil’s importance after Trump’s tariff threat"}]},{"@type":"WebSite","@id":"https:\/\/resourcework2.devstudio.work\/#website","url":"https:\/\/resourcework2.devstudio.work\/","name":"Resource Works","description":"","publisher":{"@id":"https:\/\/resourcework2.devstudio.work\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/resourcework2.devstudio.work\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/resourcework2.devstudio.work\/#organization","name":"Resource Works Society","url":"https:\/\/resourcework2.devstudio.work\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/resourcework2.devstudio.work\/#\/schema\/logo\/image\/","url":"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2025\/10\/RW-logo-02.png","contentUrl":"https:\/\/resourcework2.devstudio.work\/wp-content\/uploads\/2025\/10\/RW-logo-02.png","width":227,"height":87,"caption":"Resource Works Society"},"image":{"@id":"https:\/\/resourcework2.devstudio.work\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/resourceworks","https:\/\/x.com\/Resource_Works","https:\/\/www.linkedin.com\/company\/resource-works","https:\/\/www.instagram.com\/resource_works\/?hl=en","https:\/\/www.youtube.com\/channel\/UCP4SxvFtt825df7iCIgN_IA"]},{"@type":"Person","@id":"https:\/\/resourcework2.devstudio.work\/#\/schema\/person\/07ac06083ff4580ca268efc27d21d0ab","name":"Resource Works","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9520637c4c81c1520755d53523d3b175ed91f00f5ba8436ecdcd0617d8e25bec?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9520637c4c81c1520755d53523d3b175ed91f00f5ba8436ecdcd0617d8e25bec?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9520637c4c81c1520755d53523d3b175ed91f00f5ba8436ecdcd0617d8e25bec?s=96&d=mm&r=g","caption":"Resource Works"},"url":"https:\/\/resourcework2.devstudio.work\/?author=3"}]}},"_links":{"self":[{"href":"https:\/\/resourcework2.devstudio.work\/index.php?rest_route=\/wp\/v2\/posts\/94066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/resourcework2.devstudio.work\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/resourcework2.devstudio.work\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/resourcework2.devstudio.work\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/resourcework2.devstudio.work\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=94066"}],"version-history":[{"count":0,"href":"https:\/\/resourcework2.devstudio.work\/index.php?rest_route=\/wp\/v2\/posts\/94066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/resourcework2.devstudio.work\/index.php?rest_route=\/wp\/v2\/media\/94071"}],"wp:attachment":[{"href":"https:\/\/resourcework2.devstudio.work\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/resourcework2.devstudio.work\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/resourcework2.devstudio.work\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}