A Golden Opportunity for Canada’s Oil and Gas Industry

By Irina Slav – OilPrice.com

Canada has a “golden opportunity” to become a major global oil player as the war in the Middle East limits sources of crude and natural gas, the head of the International Energy Agency said, adding that “The cost of missing this train will be incredible,” as quoted by Bloomberg.

Fatih Birol said the world was losing 14 million barrels in daily supply because of the war, and reliability has gained even more prominence for importers of energy commodities. After the war ends, the IEA’s secretary general said, “there will be an energy security risk premium,” and “the most important resource, or card, that Canada has today is trust.”