Falling Oil Prices Pose Another Delay B.C. Pipelines

Globe and Mail: Analysts say that kind of instability hasn't yet changed the economic imperative for Canada's oil industry to open up its first major conduit to Pacific markets, but most agree that a months-long downturn in oil prices could slow investment in oil sands expansion, which in turn could decrease the supply of oil available to any future pipelines. Werner Antweiler, an energy economics professor at the University of B.C.'s Sauder School of Business, said the gap of "almost $30" a barrel that existed......

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