A proliferation of regulations and government interventions have dramatically shaken investor confidence.
keystone XL pipeline
The U.S. State Department found that Keystone XL would produce fewer greenhouse gas emissions than oil-by-rail to the Gulf of Mexico.
Canadian exporters face increasing competition from a growing shale oil industry in China.
Despite the global recovery in energy prices, Canadian oil prices dropped to US$27.
B.C.’s NDP government is blocking the Trans Mountain pipeline expansion.
The Trans Mountain pipeline expansion is a gift both to British Columbia and Alberta.
Various interest groups are certain to challenge an approved Keystone XL in local, state and federal courts.
Prime Minister Trudeau emphasizes transport safety, environmental stewardship while greenlighting pipeline projects
Oil transport by rail is more than 4.5 times more likely to experience an occurrence when compared to pipelines.
The historical record suggests that sharp declines in oil prices are followed by substantial price recovery.
This may be a “build a pipeline and make Canada pay for it” moment.