Heavy crude is the key word when it come to crude oil with most of the US crude being
light crude and not heavy like Alberta's oil sands so Alberta's oil don't really need the drill baby drill part. And your right most all Texas refineries are set up to refine heavy crude and not light crude, Texas City refineries and Port Author that is which is why the US oil companies are not drilling many new wells(wrong type crude oil in the US) . And yes most oil imports already come from Alberta into the US from those oil sands so not sure it would make it cheaper if it was US soil.
https://www.nytimes.com/2025/01/27/business/energy-environment/oil-trump-drill-baby-drill.html
Apologies my brother the way I wrote that it does read like I am looking at their production costs becoming lower. I am leaning towards it would be a step forwards to dominance. I have to admit I have no clue what the production cost is for a barrel up in Canada. So have no clue how it would effect price for up there.
Yeah I am hoping with the Trump admin's latest move to get involved in rare earth metals mining to secure some of our independence. Last week the admin made a $700 million commitment and partnership with MP materials. They invested $400 million in their preferred stock. Gave them as well a $150 million loan so far. Apple then made a $500 million deal with MP to secure a pipeline.
So my hope is maybe the admin may have bigger goals of independence and get involved in a partnership for building some light sweet refineries. I have read the arguments against our companies building any, with cost and the political environment depending on who holds office as objections against.
So while I have not heard any move towards the admin doing so I am hoping that the latest move by the admin towards rare earth metals may have them in some backroom considering such a move for refineries for light to just give us greater dominance and independence in energy.
As well as the Thatcher Pass lithium mine will come on line next year one of the world's largest lithium finds. They estimate that we will be able to provide 25% of the worlds lithium. So bigger picture I am talking in ways we can lock down greater independence. As covid was a wake up call that we are to reliant on other nations for production and distribution of raw materials and finished goods.