U.S. Politics Are Weighing On Canada’s Oil Industry

Alberta is taking hit after hit following the cancellation of the Keystone pipeline and international pressure to curb oil production in the coming years, as the oil-rich state insists it needs to maintain its thriving oil industry to survive.  First, it was the cancellation of a huge oil infrastructure project, the $8 billion, 1,700-mile Keystone XL pipeline expansion, that was supposed to run from Alberta to Nebraska, carrying an estimated daily average of 800,000 bpd of oil. The project had gone back and forth, initially being canceled…