why does Canada export so much oil to the US but also still import some oil from us?

Question

Wouldn’t it make most economic sense to just sell to our own countries in that case if there’s some standardized barrel price?

In: 293

Answer 1

All oil is not created equal.
It has to be processed and depending how ‘heavy’ it is, and the impurities, needs specific refining.
Some refineries hand heavy oil well while others are into refining higher quality oil.