By Fraser Institute —— Bio and Archives--May 8, 2018
CALGARY—A shortage of pipeline capacity is driving down the price of Canadian oil and will cost the country’s energy sector CAD$15.8 billion in lost revenues this year, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Without adequate pipelines to tidewater ports, Canadian oil producers are forced to sell their product in the U.S. at dramatically discounted prices, which results in substantial losses for the energy sector and the economy more broadly,” said Kenneth Green, senior director of natural resource studies at the Fraser Institute.The Comment section of online publications is the new front in the ongoing Cancel Culture Battle.
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