Growing Canadian oil exports to U.S. bittersweet for producers as price discount bites

The American Petroleum Institute’s recent claim that the United States has “become a global superpower on energy” may have given many in Canada cause for even more concern than they have already experienced lately.

The API can be forgiven for its chest-beating as its boast is backed by declining U.S. energy imports and the oil and gas gushing out of a number of light-shale plays dotted across the country.

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