This report examines the short-and medium-term economic and profitability outlook for Canada’s Oil Extraction Industry.
Canada’s Oil Extraction Industry: Industrial Outlook Winter 2013
Canada’s Oil Extraction Industry: Industrial Outlook Winter 2013
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- Production—A long list of oil sands projects are slated to proceed over the forecast, providing for sizable gains in Canada’s production capacity.
- Pipeline Capacity—Current pipeline capacity can accommodate the expected increases in production for only a few more years. New transportation capacity is sorely needed to help narrow the current price discounts.
- U.S. Market—U.S. net imports will fall heavily over the next 20 years. To sell their crude, Canadian producers will have to displace other countries in the U.S. import mix or expand into new markets overseas.
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