Introduction

Canada is the second largest country in the world and has a population of roughly 36 million people. It’s also one of the largest producers and exporters of oil in the world, but has limited refining capacity so most of its oil goes to their own consumption. Canada actually produces more crude oil than it can refine at home, so they export refined products such as diesel fuel and gasoline instead.

Canada has the third largest oil reserves in the world.

Canada has the third-largest oil reserves in the world and is also a net exporter of natural gas. It is also a net exporter of uranium and electricity, making it an important player on a global scale.

They have a lot of land, but not an awful lot of people.

Canada has a lot of land, but not an awful lot of people. This means that you can drive for hours and hours without seeing anyone. And it's true—they have the third largest oil reserves in the world!

Does this mean that Canada is going to become a global superpower? No. Canada is only 9th on the list of biggest oil producing countries; however, they don't appear at all in any of the top ten countries for significant oil reserves.

Their automobile purchases are high and consistent, but their manufacturing is not.

The Canadian auto industry is one of the strongest and most consistent in the world. As such, Canada has become a central hub for car manufacturing and design. However, it does not produce the most cars in total or have an abundance of oil reserves to power its vehicles.

Canada's economy is heavily dependent on trade with other countries. This means that any disruption to this flow—like a trade war with China or tariffs on steel and aluminum imports—could have significant impacts on its global competitiveness as well as its employment rates (which are already trending downward).

They use their oil mainly for their own consumption rather than exporting it.

Canada is not a big exporter of oil. With only 2 million people and a relatively small population, Canada doesn't have nearly as much oil to export as the United States or Saudi Arabia. Canada uses most of its own oil for internal consumption, so it doesn't need to export much of it at all.

Canada is big on oil but wouldn’t it be better if they exported some of that?

Canada is a big producer of oil, but it’s also a big consumer of oil. In fact, the country has exported more than it imports in the past ten years. So why doesn’t Canada export more? And why don’t they import more? Well, there are two main reasons: firstly, Canada does not have enough capacity to get its oil out of the ground and onto world markets; secondly and most importantly for this question is that Canada would like to keep control over their energy supply and thus keep prices low.

Conclusion

Canada is a very interesting country. They have a lot of oil, but they don’t seem to be doing much with it. Perhaps they should spend more time thinking about what they can do with their resources and less time worrying about exporting them?