ARTICLE · 10 JULY 2012

Pipelines, Politics & Price - Energy Visions 2012

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Almost from the time Imperial Oil brought in its Leduc No. 1 discovery in 1947, Canada’s oil and gas business has been inextricably linked to energy demand in the United States.

CanadaStrategy

Article by Reynold Tetzlaff

LEADER'S MESSAGE

Almost from the time Imperial Oil brought in its Leduc No. 1 discovery in 1947, Canada's oil and gas business has been inextricably linked to energy demand in the United States. Oil and gas pipeline grids have been developed over the intervening 60-plus years to deliver three million barrels a day of crude oil and products and nearly 15 billion cubic feet a day of natural gas, and the vast majority of that heads south of the border.

In recent years, however, global investments in Canada have led to a development of our oil and gas resources on a scale not thought possible just a few short years ago. The result is that our capacity to produce oil and gas is coming perilously close to surpassing our ability to transport that product to markets in the United States.

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