Eric Nuttall says the U.S. has ‘no alternative’ to replace Canadian oil amid tariffs - BNN Bloomberg

One prominent energy investor says that reliance on Canadian energy in the U.S. provides Canada with leverage amid the current trade dispute between the two countries. Eric Nuttall, a partner and senior portfolio manager at Ninepoint Partners, said in an interview with BNN Bloomberg Monday that he is “optimistic” that the pain of tariffs between Canada and the U.S. would be “so profound” for both nations that it would make for a short dispute. He said that it’s “very clear” the U.S. needs Canadian oil, pointing to some refiners in the upper Midwest, known as the PADD 2 area, that import arou…