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

Part of the reason as well is that trade in north america is very much north to south and not east to west. Petro products come up to Vancouver from the states since that is geographically more efficient. Canada sends a lot of crude south to be refined and nat gas as well which is then exported. It all depends on the type of product and where it is located. Then it is a big web of pipelines, trains and trucks to move it around.