Sunday, January 14, 2018

Canada stuck on sidelines as U.S. oil boom creates jobs, curbs emissions | Financial Post

See the source imageCanada stuck on sidelines as U.S. oil boom creates jobs, curbs emissions | Financial Post:
"This year, the U.S. is expected to produce more than 10 million barrels a day, elevating itself to the status of one of the world's largest oil producers alongside Saudi Arabia and Russia.
Oil prices are rallying, but instead of reaping the benefits Canadian oil and gas producers are stuck on the sidelines while their American counterparts are riding them with all they’ve got.
Indeed, a tale of two oil and gas sectors is emerging. 
On the Canadian side, the mood is subdued, budgets for 2018 are flat relative to last year, and job creation has taken a back seat to automation..."
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