It might. But then again OPEC might have just cut production by an equal amount, or the additional refining capacity might have joined the million barrels a day that the Americans lost when demand got crushed. (Or more likely, survived but lead to a proportional amount of failures in older American plants).I know how crude is priced.
You are saying that if Canada were producing anywhere from 2-4 million more barrels of crude/day; able to refine at least part of that and able to transport all of it to tidewater (all things the Liberals have actively spiked since 2015) that the supply price situation would not be better?
The problem right now is global refining capacity shortage contributing to massive refining margins, not crude shortage.