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Varcoe: 'All hat and no cattle': Canada has big reserves, but can't get much more oil to strained global markets today

Canada doesn't have a strategic petroleum reserve — like the United States — and still imports foreign oil into parts of Eastern Canada

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U.S. President Donald Trump has been trying to talk down oil prices during a war in the Middle East.

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Federal Natural Resources Minister Tim Hodgson is trying to talk up increasing Canadian oil production to help strained global markets.

It may sound like a grand idea, but I don’t think anyone is buying in — at least, not until the clogged Strait of Hormuz is fully reopened and, domestically, Canada bolsters its export capabilities for oil.

“It’s nauseating to read a response like that. Our ability to respond........

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