Canada may be the fourth largest producer and third largest exporter of oil in the world, but it has one sole customer of its oil—the United States. At the end of last month, Canada took a step toward ensuring that its oil would have an export outlet to the world’s fastest-growing energy market, Asia. Analysts believe that the federal government stepping in to save the Trans Mountain expansion project has boosted the chances that the pipeline will be built and give Canada an export outlet from the Pacific Coast to the Asian markets. The industry is cautiously optimistic, but some companies say that Canada must do more to level the playing field for its oil. Last year, Canada’s crude oil exports increased by 6.5 percent annually to 3.3 million bpd . Of those, exports to destinations other than the U.S. accounted for just 0.8 percent of all, according to […]