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Cross-Border Energy Trade: Canada and the U.S.
This chapter explores the extensive trade relationship between Canada and the U.S. focused on oil and gas, highlighting Canadian crude oil's importance to U.S. refineries. It discusses how potential tariffs could disrupt pricing and impact economic dynamics, while analyzing current export volumes and infrastructure investments. Additionally, the chapter examines the implications of tariffs on gasoline prices, the natural gas market, and strategic production adjustments in response to demand fluctuations.