Since I am ignorant regarding the mechanics of the oil industry and would like to gain a little knowledge...
Why not build new refinery abilities closer to the source? Is it related to water availability?
Why doesn’t Canada build their own refineries and just sell us the finished product?
Because I would certainly prefer to buy from Canada than the Middle East.
Let China buy their energy from Saudi Arabia.
Because you still have to build the pipeline for the products. We have the refinery capacity existing, we just replace OPEC oil with Canadian.
It cost far less to use the refineries we have.
If Canada built the refineries, they still have to build the pipeline anyways to deliver product.