Is Canada’s Oil Production Ready For A Resurgence?

Last week two right-wing parties in Canada’s oil-rich Alberta province signed a tentative agreement to merge, creating a unified front to oppose the ruling New Democratic Party. The Progressive Conservative and Wildrose parties will unite to challenge the NDP in 2019’s provincial election, a promising prospect for the local oil industry, hit hard by the global slump in oil prices and a massive C$10.3 billion ($7.57 billion) deficit. The political merger is the latest in a long series of industrial and political moves to put Canada back on the oil production map.

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