RE:RE:I've come to the conclusion that for the most partYes, as many noted - the market is well supplied, and even the missile strike in Saudi Aramco was shrugged off because it didn't disrupt global supply - how could it? There are so many producers who want to produce. USA is now a net exporter.
Some combination of economic and/or political events could bring the price of oil up again but it is unlikely.
Canada's main problem is the weak dollar and bad government policies. Once Canada had a good energy policy from a wise government and the US had a anti-energy government. Now it is the opposite. The only hope for Canadian energy in this global economy is that the politics once again turns in our favour - where we get a pro-energy Canadian government and an anti-energy US government. Policy matters a lot these days - it is the deciding factor between a booming economy (US) and a dysfunctional depressed one (Canada)