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Tag Archives: Western Canadian Select

Simplified: Canada’s complicated relationship with oil

Aerial view of Alberta oil sands

PortandTerminal.com, June 20, 2019 Canada is the 4th largest producer of oil in the world. But it has two very big problems with its oil. Distance and type. On paper, Canada could become energy self-sufficient tomorrow. Every day it produces 4.2 million barrels of oil and only uses less than 2 million barrels. Canada has the world’s third-largest oil reserves. Venezuela is …

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