Carney talks like Canada is a reliable energy partner |
The world knows otherwise. Canada has the oil but years of political obstruction keep it from reaching markets
The world is scrambling for reliable oil suppliers as one of the largest supply disruptions in the history of oil hits global energy markets.
In early March, Israel and the United States launched coordinated strikes against Iran, triggering a regional conflict that quickly spilled into global markets.
Iran retaliated by disrupting shipping through the Strait of Hormuz. The narrow waterway normally carries roughly 20 per cent of the world’s oil supply, making it one of the most important oil routes on the planet.
The impact was immediate. Tanker traffic slowed sharply, oil prices surged toward US$100 a barrel and governments began releasing emergency reserves.
In moments like this, the world looks for producers that can quickly supply additional oil to global markets. Canada is not one of them.
Carney says Canada is a reliable energy partner. But when global markets need more oil, Canada cannot deliver it.Troy Media
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