Well well well.

On the other hand, CAPP is trying to buoy the market by predicting an increase in demand.  This are the same people that predicted that oil would return to $100 within 6 months of the crash.  That demand may increase  may be true, but a massive increase in supply, coupled with the greed that accompanies entire economies that operate on oil, means that supply will never decline, nor even be controlled in order to allow prices to rise.

We will be seeing the same overly positive corporate optimism, and the same over supply, 10 years from now, 20 years from now, and Canadian bitumen will only be a passing note in the history books.  Taxpayers will be left with the legacy of abandoned wells and polluted country.

The Arabs are pretty smart businessmen;  force foreign governments like Canada to invest heavily in the oil, crash the oil market while at the same time divesting yourself of the oil business.