RE:ExitingMaybe went to the oil sector--- huge ramp up of oil production coming.
ALGARY — Alberta oil production hit an all-time record in November, as oilsands companies ramped up output to prepare for the imminent completion of the Trans Mountain pipeline expansion.
The Alberta Energy Regulator says crude oil production in the province rose by 8.8 per cent in November to a new historic high of 4.2 million barrels per day.
Eight Capital analyst Phil Skolnick noted the November production figures put Canada ahead of China's 2022 production levels and just behind Iraq, making Canada the fourth-largest oil producer globally.
(The Canadian Press. Jan 16, 2024)
ALGARY — Alberta oil production hit an all-time record in November, as oilsands companies ramped up output to prepare for the imminent completion of the Trans Mountain pipeline expansion.
The Alberta Energy Regulator says crude oil production in the province rose by 8.8 per cent in November to a new historic high of 4.2 million barrels per day.
Eight Capital analyst Phil Skolnick noted the November production figures put Canada ahead of China's 2022 production levels and just behind Iraq, making Canada the fourth-largest oil producer globally.
(The Canadian Press. Jan 16, ,2024)