The Future of the Canadian Energy Industry in a Low Price Commodity Environment

Abstract

This article, adapted from the LSU Law Center Symposium, Emerging Issues at the Intersection of Energy and Natural Resources (March 4, 2016), reviews, in brief, the decline in petroleum commodity prices; the magnitude and importance of the Canadian exploration and production sector (with particular attention given to its relationship with the United States); the effects of the drop in commodity prices in Canada and the challenges faced by the Canadian energy industry; and possible strategies for Canada to weather the decline and improve its resistance to future price volatility.

Keywords: oil, gas, crude oil, natural gas, Canada, price, WTI, downturn, energy, petroleum

JEL Classification: K00