Canada *can* export its oil and natural gas, but mostly doesn't because the economics haven't historically warranted it. Most Canadian Oil is relatively heavy,

Canada *can* export its oil and natural gas, but mostly doesn't because the economics haven't historically warranted it. Most Canadian Oil is relatively heavy, which the gulf refineries in the US are tailored to refine when mixed with Texan and Oklahoman oil (for historical reasons the heavy mix was Canadian and Venezuelan, but the latter is not a factor with the combination of mostly being sanctioned as well as lower output levels due to mismanagement). The gulf refineries are designed to have a decent chunk of heavy oil, so the historical price discount that Canada gets is less compared to if it shipped it elsewhere. It's similar for natural gas - we just didn't extract enough of it to justify dedicated LNG terminals, not to mention the extra pipelines to ship it to them. The price delta didn't have an ROI compared to just piping it south. However, with Trump the economics are all now shifting. It now may very well be worth it. There are recently completed pipelines from Alberta to the Pacific and there's now (very, very early) serious talk of more going east, along with terminals.