Alberta oil is the collateral damage of the oil war between Russia and Saudi Arabia, with COVID-19 launching an additional attack. The province’s oil industry will struggle to recover.
- Professor Emeritus of Economics, McMaster University
Who are the winners and losers in the new USMCA? It’s complicated, but one thing’s for certain: Canada should never again allow itself to be overly dependent upon one trading partner.
Vladimir Putin may well have something on Donald Trump. But their close ties could also be about oil prices and Trump’s efforts to get Russia to ends it alliance with China.
Naik turunnya harga minyak tidak ada kaitannya dengan besar kecilnya pasokan dan permintaan maupun dorongan ekonomi. Semuanya berdasar politik.
Oil prices have little to do with supply or demand or even economic forces. Instead, it’s all about politics.
Mexico has traditionally been NAFTA’s biggest loser. But Canada is at risk if the U.S. gets its way in removing a dispute settlement mechanism from the deal in the upcoming NAFTA renegotiations.
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