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To: chuckee
Even Obama hasn't managed to end the current level of oil supply from Canada (yet). Ronald Reagan insisted that secure energy supplies be part of NAFTA. Under NAFTA, the U.S. has a guarantee of a proportional supply of all Canadian energy. If cut backs ever become necessary, we can't cut back exports to the U.S. any more than we cut back supplies to ourselves. The price is also guaranteed to be no more than the price Canadians charge themselves.

NAFTA doesn't cover new supplies. The Keystone project would have carried new production (that G.W.Bush asked for). It also doesn't prevent the U.S. from buying less oil — even completely boycotting all oil-sands oil, as many are calling for. If the U.S. ever cuts back on imports of Canadian energy; Canada is under no obligation to ever return exports to previous levels.

Oil is a fungible commodity — but, a supply coming by pipeline from a friendly country is more secure than oil from the Mideast or Venezuela.

12 posted on 11/14/2011 10:36:07 AM PST by USFRIENDINVICTORIA
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To: USFRIENDINVICTORIA

There ya go again.....clouding the issue with facts, common sense and logic!


13 posted on 11/14/2011 10:51:14 AM PST by Roccus (Obama & Holder LLP, Procurers of fine arms to the most discerning drug lords (202) 456-1414)
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