Canada, as a whole, wants higher oil prices. Because Canada exports more oil than it imports, every dollar oil increases in price results in more money for Canada.
Parts and people in Canada may disagree. Ontario, as a whole, wants lower oil prices while Alberta wants higher oil prices.
Artificially lowering the price of oil below world market prices would encourage oil to be wasted. There are more valuable things we could do with the oil (like sell it to other people and import finished goods) than burn it for local use.
Canada's oil reserves are mostly expensive to extract. Canada may have more oil than Saudi Arabia, but a massive massive chunk of it is in the form of "oil sands", which require far more expensive and tricky techniques to extract and turn into useable oil.
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Last edited by JHVH : 10-29-4004 BC at 09:00 PM. Reason: Time for a rest.
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