Trump’s presidency could benefit Canada’s oil industry in no small way, one commodity investment adviser has
If Trump stays true to his promise for energy independence, it won’t happen overnight, and the most logical alternative to OPEC imports would naturally be Canada. The U.S.’ northern neighbor has suffered a serious economic slowdown because of the international oil price rout.
Canada’s latest GDP reading for August revealed an uptick of
If Trump-led America does turn to Canada for any oil it can’t produce itself, this would be good news for another industry segment as well: pipeline operators.
The president-elect said during his campaign that he would reopen the approval procedure for the controversial Keystone XL project that incumbent Obama vetoed. Right after the vote, the CEO of Energy Transfer Partners, the company behind the Dakota Access pipeline project,
The oil markets have already reacted to the Republican win of the presidential vote, with WTI recouping the losses sustained during voting day and settling at the highest in a week, at
By Irina Slav for Oilprice.com
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