This infographic shows the dramatic drop in the value of Canadian oil due to lack of pipeline capacity in November 2018. Prices have improved in early 2019, partly due to the Alberta government’s move to limit production. But as the government has noted, that’s not a long-term solution.
As long as Canada doesn’t have the pipelines it needs to get oil to overseas markets, we will continue to leave billions of dollars of revenue on the table—money for jobs and economic growth, and royalties that could be used for schools, hospitals and social programs. Pipelines are a safe and reliable method of transporting oil products, supported by a strong majority of Canadians.