Construction Bids
Welcome, sign in or click here to subscribe.
DJC Subscriptions
Resource Center
DJC Services
Business
Subscriber content preview
November 14, 2012
U.S. oil boom could be bad news for Canada
By ROB GILLIES
Associated Press
Associated Press
TORONTO — Canada's natural resources minister said Tuesday a report that says the U.S. will become the world's largest oil producer by the end of the decade should serve as a wakeup call that illustrates the pressing need for Canada to diversify its energy exports.
The International Energy Agency reported this week the U.S. will become the world's largest oil producer by around 2020 as new exploration technologies help find more resources. The energy watchdog also predicted that greater oil and natural gas production, as well as more efficient use of energy, will allow the U.S. to become largely energy self-sufficient by 2035.
. . .
To read this story in full login or purchase a subscription.