It’s easy to grow pessimistic about the future of Alberta’s oil and gas industry with the barrage of bad news surrounding sluggish commodity prices and the inability to get pipelines built.
In the short term, third-quarter financial results released this week show many petroleum producers are back making money after enduring difficult cuts over the past two years.
In the longer term, the NEB still sees oil production rising almost 60 per cent by 2040, even with the global push toward de-carbonization.
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