October 2013, Vol. 240 No. 10

Features

Prices, Transportation Determine Future For Canadian Oil And Gas

Recent reports on the state of crude oil and natural gas production in Canada suggest that the transportation bottleneck at the border will have long-ranging effects on Canada’s energy markets. With some in the industry voicing the opinion that the Keystone XL has become irrelevant to the energy picture as the question of approval drags on (see “U.S. Refiners Don’t Care if Keystone Gets Built,” Wall Street Journal, Sept. 5), Wood Mackenzie put forth projections showing all Canadian resources attracting just over a quarter of total North American onshore capital expenditures for oil in 2013. “While Canadian tight oil plays can offer attractive retu

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