Sixty percent of Canadians now feel that the country’s oil pipeline capacity has reached crisis levels, according to a new survey from the Angus Reed Institute. Pipeline takeaway capacity has bitten into Canada’s oil revenues as Canada’s Western Canadian Select benchmark price continues to trade at an uncomfortable discount. An astonishing 70% of all Canadians reported that the country will “face considerable impact if no new pipeline capacity is built, the new survey shows. And it’s not just residents from Canada’s oil-rich province of Alberta who deem pipeline constraints a national crisis; even in British Columbia, a province generally known for its strong environmental presence, 53% of residents feel it is a crisis. That’s low compared to the overwhelming majority—87%–of Alberta residents who feel that way. The survey also reports that overall, residents feel that the oil and gas industry is the most critical industry to the country. The […]