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

It’s all in the difference between sweet light crude and sour crude, and the respective refining capacity of each nation.

The US strategically refines sour crude, but produces sweet light.