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This dependency underscores a core issue: Canadian natural resources are effectively being undervalued. The country sells its oil approximately 20-30% cheaper than world prices, while natural gas exports are similarly devalued. The lack of domestic refinement and transportation capabilities has led to the misconception that Canada is “ripping off” the United States, despite the issue primarily lying with Canada’s inability to develop necessary infrastructure.
Opportunities for Bilateral Prosperity
Despite these challenges, there is a glimmer of hope for a revitalized relationship rooted in mutual benefit. Effective negotiation strategies centered on shared interests could yield significant gains for both countries. Areas of potential collaboration include: