At a crossroads - Energy Visions 2014 Survey

Achieving parity with global energy prices:

A tale of two commodities Canada’s oil and gas industry remains a tale of two commodities, each with its own complex set of challenges and opportunities. Over the past few years, Western Canadian energy producers have watched the prices that they receive in North American oil and gas markets fall below global benchmarks, such as Brent for crude oil, as well as natural gas prices in Europe and Asia. To narrow these differentials, Canada will need to make clear direction-setting moves in the coming years in order to secure market access. Failure to do so will mean continued risk of resources becoming stranded, with prices received by existing Canadian producers lagging global benchmarks.