Currently, 99 per cent of Canadian oil exports go to the U.S. The general health of the Canadian economy is linked to the fortunes of the expanded oil and gas industry that has flourished in Alberta and Saskatchewan, and offshore in Newfoundland and Nova Scotia.
No Canadian government expected the U.S. to recover its position as the world’s most important oil producer, ahead of even Russia and Saudi Arabia. Yet, after watching domestic U.S. production shrink and languish since the 1970s, that is what has transpired. A decade ago, the U.S. produced less than 5 million barrels a day; in 2018, it produces more than twice as much — more than 11 million barrels a day in July for the first time ever.
http://www.rabble.ca/columnists/2018/11/economic-update-trudeau-government-dared-not-deliver
