Big news about Canadian oil! The US put taxes (tariffs) on oil from Canada. A Canadian oil company boss says it'll take a long, long time for the US to find other places to get oil. Canada sends almost all its oil to the US.
- The US imports lots of Canadian oil (about 4 million barrels daily).
- The US added a 10% tax on Canadian oil.
- It's hard for the US to quickly replace Canadian oil.
- A big Canadian pipeline company plans to invest lots of money to keep moving oil.
| Fact | Number |
|---|---|
| US daily Canadian oil imports | 4 million barrels |
| US tariff on Canadian energy products | 10% |
| Enbridge investment (CAD) | $2.5 billion |
