By September 14, 2018 0 Comments Read More →

Pipeline Challenges in U.S. & Canada Continue Amid Oil Boom

Oil production is surging in North America but producers are far from happy as their profit margin is sinking. They are struggling to stay competitive owing to the infrastructural bottlenecks. As if the pipeline pinch problem was not enough for the United States and Canada, raging protests against the already approved and existing pipeline projects have made things worse.

Let’s delve deeper into the pipeline battles, which have engulfed the nations.

Pipeline construction in Canada has failed to keep pace with rising domestic oil, forcing producers to sell their products at a discounted rate. Reportedly, infrastructural bottlenecks are likely to lead to lost revenues of C$15.8 billion in 2018…

 

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Posted in: Daily News

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