Canada will sell oil to China, not the USA.

Read the following news item from my good friend Tom Jackson.

To me it says Canada will need to find new markets for its energy supplies.

This in effect means Canada will sell its oil to China, which will contribute to the overall orientation of Canada's economy away from the USA, a Titanic, ready to sink, to the rising economy of Asia - and the world for that matter.

Comments are welcome - as always.

From: Tom.Jackson@legis.wisconsin.gov to: paulrux@paulrux.net
Council of State Governments - Midwest http://www.csgmidwest.org
Dec 2008
Midwest - Canada Relations: Future of energy trade uncertain

Every year, tens of billions of dollars in energy supplies flow from Canada to the 11 Midwestern states.

This cross-border trading partnership has not only gone a long way toward meeting the region’s energy needs, it also has helped fuel the economy — on both sides of the border.
But what does the future hold for this energy relationship, and for the broader one between Canada and the United States?

That question has been on the minds of Canadian leaders lately, particularly with a new U.S. president expected to make significant changes in energy policy.

In November, The Globe and Mail reports, federal ministers in Canada announced plans to seek a joint climate-change agreement between the countries, one that, in part, would seek to address environmental concerns about Canada’s oil sands while also protecting the oil sands from any new U.S. emissions rules.

Currently, Canada accounts for 18 percent of U.S. imports of crude oil and petroleum products.
In the Midwest, for example, Illinois imported $16 billion worth of energy supplies in 2007, according to Canadian government data. In that state, like most others in the region, these supplies are mostly crude petroleum or natural gas.

Energy is one of the top three Canadian imports in Illinois (57 percent of total), Indiana (12 percent), Iowa (36 percent), Michigan (7 percent), Minnesota (63 percent), North Dakota (21 percent) and Ohio (8 percent). Energy is one of the top three exports to Canada in Michigan (6 percent of total) and Nebraska (20 percent).

Sources of U.S. petroleum imports (2007)*
Venezuela 10.1%
Canada 18.2%
Mexico 11.4%
Saudi Arabia 11.0%
Nigeria 8.4%
All other countries 40.8
* Petroleum includes crude oil and refined petroleum products. In 2007, imports accounted for 58 percent of U.S. consumption.