Why are gas prices so high in Canada if we produce our own? It's complicated.
About this episode
The episode explores the complexities of Canadian gas prices despite the country's oil production, featuring insights from economist Jim Stanford.
Canada, as you may know, produces a ton of oil. Billions of tons every day, actually. Nearly all the oil we use was taken from the ground, one way or another, right here. And yet! When the Strait of Hormuz shut down, the price Canadians pay for Canadian-produced oil and gas went through the roof, just as it's done in nations that need to import almost all their oil. The answer to why that happened goes back to a policy that Canada has flip-flopped on over decades. It touches on Western Alienation and separatism, the legacy of Pierre Trudeau and a system that we theoretically could change, but practically cannot. Today, Economist Jim Stanford, of the Centre For Future Work, welcomes you to the world of Canadian energy policy!
People in this episode
Hosts: Jordan Heath-Rawlings, Laura Palmer, Mat Keselman
Guest: Jim Stanford
Topics covered
- Canadian energy policy
- gas prices
- oil production
- Western Alienation
- separatism
- economic policy
Keywords
- gas prices
- Canada
- oil production
- energy policy
- Western Alienation
- Pierre Trudeau
- economics
Mentioned in this episode
Organizations: Centre For Future Work
Places: Canada, Strait of Hormuz
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