Political stumbles, savvy activists knock Canada’s oil sector to its knees

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.

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 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