Energy

Canada Worries Trump Could Strike Back After Alberta Cut Oil Production

REUTERS/Lucy Nicholson

Daily Caller News Foundation logo
Chris White Tech Reporter
Font Size:

A former Alberta trade envoy to the U.S. worries President Donald Trump could retaliate against Canada after Alberta chose to cut oil production.

Trump is known to call out energy-producing countries that reduce production – he frequently criticizes Saudi Arabia for considering similar cuts. Alberta, which exports most of its oil to the U.S., moved Tuesday to slash 325,000 barrels per day until supply becomes less glutted.

Gary Mar, Alberta’s representative in the U.S. capital for four years, worries the province’s decision could end poorly. “The president of the United States obviously is very keen on his America First policy … We don’t know what he’s going to do,” Mar told local reporters Wednesday.

Cutting oil production to raise prices might seem nice on paper, he noted, but the gamble could come with a punch. “We could be in for some type of countermeasure against our increased price,” said Mar, who now serves as the president of the Petroleum Services Association of Canada (PSAC).

President Trump Addresses 2018 Young Black Leadership Summit At White House

WASHINGTON, DC – OCTOBER 26: U.S. President Donald Trump addresses young black conservative leaders from across the country as part of the 2018 Young Black Leadership Summit at White House on October 26, 2018 in Washington, DC. (Photo by Pete Marovich/Getty Images)

Crude prices plummeted after production growth and pipeline bottlenecks contributed to a costly oil glut. The price of Western Canadian Select heavy oil ticked upward to $8.02 US to $29.95 a barrel, narrowing a gap in prices between the U.S. and Canada.

Carlo Dade, an expert on Canada-U.S. trade who’s with the Canada West Foundation, believes Trump probably won’t retaliate. The U.S. is swimming in oil and the president is often preoccupied with other issues, but it’s possible Trump could pull out a wild card, Dade told reporters.

“What would have been a no-brainer not to worry about under Obama or any of the Bushes is something that we do have to keep in the back of our minds,” he said. The U.S. president is known for retaliating against the Organization of Petroleum Exporting Countries for perceived threats of crude cuts.

The Department of Justice (DOJ) is reviewing legislation authorizing the U.S. attorney general to sue OPEC for artificially raising oil and gas prices. Both houses of Congress have approved versions of a bill allowing the Trump administration to build a case against the cartel.

Prices have been falling since November, when the national average price of gasoline fell to $2.61, which is about eight cents higher than 2017’s average for this time. (RELATED: Trump To Expand Drilling On Alaskan Lands Put Under Lock And Key By Obama)

Follow Chris White on Facebook and Twitter

All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

PREMIUM ARTICLE: Subscribe To Keep Reading

Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!

Sign Up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
Sign up

By subscribing you agree to our Terms of Use

You're signed up!
BENEFITS READERS PASS PATRIOTS FOUNDERS
Daily and Breaking Newsletters
Daily Caller Shows
Ad Free Experience
Exclusive Articles
Custom Newsletters
Editor Daily Rundown
Behind The Scenes Coverage
Award Winning Documentaries
Patriot War Room
Patriot Live Chat
Exclusive Events
Gold Membership Card
Tucker Mug

What does Founders Club include?

Tucker Mug and Membership Card
Founders

Readers,

Instead of sucking up to the political and corporate powers that dominate America, The Daily Caller is fighting for you — our readers. We humbly ask you to consider joining us in this fight.

Now that millions of readers are rejecting the increasingly biased and even corrupt corporate media and joining us daily, there are powerful forces lined up to stop us: the old guard of the news media hopes to marginalize us; the big corporate ad agencies want to deprive us of revenue and put us out of business; senators threaten to have our reporters arrested for asking simple questions; the big tech platforms want to limit our ability to communicate with you; and the political party establishments feel threatened by our independence.

We don't complain -- we can't stand complainers -- but we do call it how we see it. We have a fight on our hands, and it's intense. We need your help to smash through the big tech, big media and big government blockade.

We're the insurgent outsiders for a reason: our deep-dive investigations hold the powerful to account. Our original videos undermine their narratives on a daily basis. Even our insistence on having fun infuriates them -- because we won’t bend the knee to political correctness.

One reason we stand apart is because we are not afraid to say we love America. We love her with every fiber of our being, and we think she's worth saving from today’s craziness.

Help us save her.

A second reason we stand out is the sheer number of honest responsible reporters we have helped train. We have trained so many solid reporters that they now hold prominent positions at publications across the political spectrum. Hear a rare reasonable voice at a place like CNN? There’s a good chance they were trained at Daily Caller. Same goes for the numerous Daily Caller alumni dominating the news coverage at outlets such as Fox News, Newsmax, Daily Wire and many others.

Simply put, America needs solid reporters fighting to tell the truth or we will never have honest elections or a fair system. We are working tirelessly to make that happen and we are making a difference.

Since 2010, The Daily Caller has grown immensely. We're in the halls of Congress. We're in the Oval Office. And we're in up to 20 million homes every single month. That's 20 million Americans like you who are impossible to ignore.

We can overcome the forces lined up against all of us. This is an important mission but we can’t do it unless you — the everyday Americans forgotten by the establishment — have our back.

Please consider becoming a Daily Caller Patriot today, and help us keep doing work that holds politicians, corporations and other leaders accountable. Help us thumb our noses at political correctness. Help us train a new generation of news reporters who will actually tell the truth. And help us remind Americans everywhere that there are millions of us who remain clear-eyed about our country's greatness.

In return for membership, Daily Caller Patriots will be able to read The Daily Caller without any of the ads that we have long used to support our mission. We know the ads drive you crazy. They drive us crazy too. But we need revenue to keep the fight going. If you join us, we will cut out the ads for you and put every Lincoln-headed cent we earn into amplifying our voice, training even more solid reporters, and giving you the ad-free experience and lightning fast website you deserve.

Patriots will also be eligible for Patriots Only content, newsletters, chats and live events with our reporters and editors. It's simple: welcome us into your lives, and we'll welcome you into ours.

We can save America together.

Become a Daily Caller Patriot today.

Signature

Neil Patel