Alberta’s oil and gas industry has had a very, very rough year. With a major pipeline infrastructure deficit and major delays and setbacks for all new pipeline projects, with no end in sight in the near future, Canada’s once-prosperous oil sands are hurting. Canada has the reserves and they have the demand–they just have no way to get their oil to market, with their limited amount of pipelines already running at full capacity and storage tanks filled to bursting. Because of the resulting oil and gas glut, Canada has been forced to sell off their oil at a major discount, costing Canadian producers a whopping $20 billion in lost profits last year, according to calculations by conservative think tank the Fraser Institute . The Albertan government has made efforts to ease the pain, including imposing temporary caps on production. These caps were extremely successful in the short term, but […]