While Canadian oil producers are scrambling to sell their oil at a fair price due to a pipeline shortage to take away the crude to foreign markets, Canada’s own domestic oil supply could be threatened due to court decisions and heightened tension in the Middle East. Canada, the world’s fourth largest oil producer , may not be as energy secure as its producer status would otherwise suggest, Peter Tertzakian, Executive Director of the ARC Energy Research Institute in Calgary, Alberta, writes in Financial Post . That’s because Canada lacks a west-east oil pipeline to carry crude from the oil-rich Western Canada to the eastern provinces. Therefore, the eastern parts of Canada rely on imported crude oil, including via oil tankers. In addition, Central Canada’s fuel demand is largely met by the Sarnia refinery complex, whose vital source of crude supply is Enbridge’s Line 5. According to Tertzakian, the unrest […]