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Poll: Canadians see need for energy market diversification
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Tags:
Trade Diversification
Author: Northern Gateway
Dated: 2 February 2012
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$50 billion.
That’s a big number… a lot of money.
That’s the value of Canada’s oil exports every single year.
In recent years, oil has become Canada’s most lucrative trade product.
But are Canadians aware that virtually all oil we export flows to just one market ?
Do Canadians know that our country—one of the most trade-dependent on the planet—is beholden to a single customer for this resource?
Some 99% of our export oil flows to the U.S. and only the U.S.
A new poll out shows Canadians are aware of this trade dependency... and the numbers suggest they don’t like it.
In a national random survey, Nanos Research concludes 75% of Canadians favour developing a diversified energy strategy to include more than just the U.S. market for our oil exports.
“In other words, three Canadians in four agree that Canada needs to develop the emerging markets of the Asia Pacific and other regions of the world,” writes Nanos in the latest issue of Policy Options.
“What Canadians are saying here is that while our relationship with the U.S. is very important, they see a diversified energy strategy as key to the long-term future prosperity of the country,” adds Nanos.
Is it smart, or logical, to put all of our eggs in a single basket when it comes to oil trade?
Judging from the results of this poll, it would appear Canadians are saying ‘no.’
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