WINNIPEG, Manitoba/VANCOUVER (Reuters) – A decade ago, Canada’s oil sector was growing so fast it was predicted to become a global energy superpower, but a series of political missteps and formidable environmental activism has created a dysfunctional system requiring OPEC-style government intervention to move its oil to market.
Greenpeace protestors (C) occupy an oil storage tank at Kinder Morgan Energy’s pipeline terminus in Burnaby, British Columbia, Canada, October 16, 2013. REUTERS/Andy Clark/File Photo
…But Ottawa has failed under two governments to effectively counter the strategy of environmental activists to attack the oil sector’s heart by choking its arteries – pipelines. Roughly 35 million barrels, twice the normal amount, of Western Canadian crude used to produce diesel, gasoline and jet fuel is stuck in storage. MORE