Canada Just Unleashed Its Fastest-Growing Oil Boom In A Decade

Canada Just Unleashed Its Fastest-Growing Oil Boom In A Decade Who says price isn't a rationing mechanism? Rather than sink billions into long-term oil sands projects, Alberta energy companies are increasingly chasing the Clearwater formation, a conventional heavy oil field that allows producers to capitalize on rising crude prices far more quickly, according to Bloomberg. The surge in activity has been significant. Alberta approved 1,764 drilling licenses between Jan. 1 and Jun...

By Tyler Durden