In our Energy Visions 2014 report, global analysts and industry leaders provide their insights and perspectives on Canada at a crossroads: Considered a high-cost oil and LNG producer, can Canada compete for capital in today’s post-peak oil world? Our report focuses on the implications of being a high-cost producer and provides context on:
A crossroads suggests the Canadian oil and gas industry is at a point where important decisions need to be made. The options are basically four-fold:
The dynamics of the global economy and the world’s energy markets mean Canada must be very strategic in choosing which direction to take. Canada’s shift from a continental to a global energy player will bring new market and geopolitical dynamics into play, including a range of new competitors. Our ability to understand market conditions and attract global investment will determine whether we prevail.