I would be surprised if prices went down significantly, seems like the oil corps operate as an unofficial cartel. There's not much compelling them to cut prices unless there's a huge drop in demand like a second pandemic, or some kind of government intervention (lol). There's still much oil storage capacity left in Alberta.
I would be surprised if prices went down significantly, seems like the oil corps operate as an unofficial cartel. There's not much compelling them to cut prices unless there's a huge drop in demand like a second pandemic, or some kind of government intervention (lol). There's still much oil storage capacity left in Alberta.
I'm saying that tariffs might represent a large drop in demand from refineries, because they'll all stop buying from Canada.