this post was submitted on 03 Feb 2025
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E.G. the US spends twice what we do on healthcare, and huge profits are made from it. According to the GDP metric, that means it is better.
In reality, Canadians are doing better than the Americans for health care access and we have the same number of doctors and nurses per capita. We also live longer and are healthier
I'm curious where you got that 60% number. The US is the largest oil producer in the world.
The US produces crap oil that US refineries can't even process. We export that, then import the good stuff.
It's actually the opposite; US shale oil is very high quality in terms of purity. The problem is that their refineries are built around the idea of processing lower quality crude because the by-product is used in manufacturing other goods.
Canada's oil sands produces the crude they need to make money off that by-product.
https://youtu.be/_l1cj_AyR1E
Which is great for us, because it means export tariffs would have an outsized impact on their secondary petrochem product prices.