A new analysis in the Calgary Herald shows just how addicted British Columbia is to oil, but especially the foreign sort.
The article shows us all just how devastating a lack of pipeline infrastructure is to the entire Canadian economy. But it also shows just how reliant the Lower Mainland of BC is on oil imports and how quickly they’ve been hurt by a pipeline deficit.
According to the article, Canada exported $8.8B in energy products. While at the same time, Canada also imported a third of that back, $3.38B in energy from international sources - a 12% increase since last year.
As an accumulation, imports of energy products into Canada have grown by over 15%, with the highest share of those imports originating in the United States.
Those spiking oil imports to Canada are driven, ironically, by the consumption demand by the anti-oil folks in BC’s Lower Mainland.
“The importation of crude oil and bitumen advanced 15.4%, with imported refined petroleum products up by 24.1%, the latter due largely to increased imports of gasoline into British Columbia”.
This week in Vancouver, gas prices hit their third all time high. According to former Liberal MP and contributor to GasBuddy.com, Dan MacTeague, prices got so high, Canadians lined up at the US border to save as much as $50 per tank by purchasing American gas.
McTeague explains that the prices are the result of a temporary refinery closure and the shutdown of the Olympic pipeline in Washington state as well as a general increase in the price of crude oil.
It's almost like the Lower Mainland of British Columbia would benefit from a project that would drastically increase the supply to meet their demands for gasoline.