Partners in Energy: Canada & the US ⛽🤝
#Canada and the #UnitedStates have a rich history of #trade, starting with the Reciprocity Treaty (1854-1866), which opened the door for free trade in agriculture, raw materials, and manufactured goods.
Energy has always been at the heart of this relationship, evolving through geopolitical shifts, economic changes, and technological advancements.
𝗙𝗮𝘀𝘁 𝗳𝗼𝗿𝘄𝗮𝗿𝗱 𝘁𝗼 𝘁𝗼𝗱𝗮𝘆:
🛢️US oil demand is projected to hit 𝟮𝟬.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝗮𝗿𝗿𝗲𝗹𝘀 𝗽𝗲𝗿 𝗱𝗮𝘆 𝗯𝘆 𝟮𝟬𝟮𝟱 (@EnergyInformationAdministration).
🛢️With domestic production at 𝟭𝟯.𝟱 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗯𝗮𝗿𝗿𝗲𝗹𝘀 𝗽𝗲𝗿 𝗱𝗮𝘆, the US will face a roughly 𝟳-𝗺𝗶𝗹𝗹𝗶𝗼𝗻-𝗯𝗮𝗿𝗿𝗲𝗹 𝗱𝗮𝗶𝗹𝘆 𝗱𝗲𝗳𝗶𝗰𝗶𝘁. (@EnergyInformationAdministration)
🛢️US refineries, especially on the Gulf Coast, are 𝗽𝗲𝗿𝗳𝗲𝗰𝘁𝗹𝘆 𝘀𝗲𝘁 𝘂𝗽 𝘁𝗼 𝗽𝗿𝗼𝗰𝗲𝘀𝘀 𝗵𝗲𝗮𝘃𝘆 𝗰𝗿𝘂𝗱𝗲 𝗼𝗶𝗹 – the kind Canada produces in huge amounts.
🌎 The 𝗨𝗦 𝗡𝗼𝗿𝘁𝗵𝗲𝗮𝘀𝘁 𝗮𝗻𝗱 𝗠𝗶𝗱𝘄𝗲𝘀𝘁 𝗿𝗲𝗹𝘆 𝗼𝗻 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗻𝗮𝘁𝘂𝗿𝗮𝗹 𝗴𝗮𝘀 to keep homes warm and businesses running.
🔗 Through pipelines, the US and Canada share a seamless energy network, ensuring a stable supply for key markets.
💰 Canadian natural gas is 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗹𝘆 𝗽𝗿𝗶𝗰𝗲𝗱.
🚢 As the US grows 𝗮𝘀 𝗮 𝗴𝗹𝗼𝗯𝗮𝗹 𝗟𝗡𝗚 𝗲𝘅𝗽𝗼𝗿𝘁𝗲𝗿, 𝗖𝗮𝗻𝗮𝗱𝗶𝗮𝗻 𝗻𝗮𝘁𝘂𝗿𝗮𝗹 𝗴𝗮𝘀 𝗵𝗲𝗹𝗽𝘀 𝗳𝗲𝗲𝗱 𝗱𝗲𝗺𝗮𝗻𝗱.
Canada, with its robust infrastructure and resources, is perfectly positioned to help fill this gap. From oil to #NaturalGas, energy has been – and will continue to be – a cornerstone of the US-Canada economic partnership.
For over a century, through energy crises and technological breakthroughs, this collaboration has thrived. And it’s clear: the future of energy trade will remain a vital pillar of our bilateral relationship.
#EnergyTrade #OilAndGas #CanadaUS #EconomicPartnership #Sustainability #EnergyFuture