Canada’s crude oil production is growing, but pipeline capacity is not, and this is eroding the country’s energy industry competitiveness, the Canadian Association of Petroleum Producers said in the latest edition of its annual Crude Oil, Markets, and Transportation report. By 2035, CAPP expects Canada’s crude oil production rate to rise to 5.6 million bpd, most of this coming from the oil sands. That’s some 1.4 million more than what oil sands producers are extracting now, and there is already a shortage of pipelines. In 2017, the association noted, Canada had a total oil supply, including crude and diluent, of 4.2 million bpd, and there was already insufficient pipeline capacity to carry it. By 2035, total oil supply will reach 6.2 million bpd. The debate over oil pipelines is a heated one on both sides of the border, but Canada’s capacity shortage problems seems much worse. Two new pipeline […]