US demand for Canadian oil seen doubling in 8 yrs

U.S. demand for Canadian oil is expected to double in the next eight years, and domestic use could jump 44 percent as Alberta’s oil sands output surges, the Canadian oil industry’s main lobby group said on Monday.

However, that production growth could be tempered by the same problems that have plagued the oil sands industry throughout this decade — labor shortages and inflation in the cost of materials like steel, the Canadian Association of Petroleum Producers said.

reuters