A gas tax holiday and an export ban on U.S. crude are politically appealing, but in the end they only put upward pressure on prices. … READ MORE >
oil exports
Market Minute: China’s dependence on Middle Eastern oil
China’s stockpiling of crude and diversification of supply suggest the ability to weather an approximately four-month cut from oil moving through the Strait of Hormuz. … READ MORE >
Tariffs would fray Canada-U.S. ties in energy and auto manufacturing
Although a blanket tariff by the U.S. on all Canadian imports is unlikely to materialize in the first half of 2025, there is still cause for concern as selective U.S. tariffs are possible and would be disruptive to both countries’ economies. To illustrate this, look at energy and auto manufacturing — Canada’s industries with the highest exports to the U.S. … READ MORE >
Chart of the day: The long-term impact of a ban on Russian energy
The embargo on Russian energy supplies poses serious long-term challenges for the European Union. … READ MORE >