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May 25, 2021 EnergyNow Media By David Yager May 25, 2021 The last major excuse for Canada’s rejuvenated exploration and production companies to continue to protect their cash disappeared on May 12, 2021 when Enbridge did not stop shipping 540,000 b/d of oil and natural gas liquids through Line 5 to the US, Ontario and Quebec. The 2018 election campaign fantasy of Michigan governor Gretchen Whitmer – that she had the legal and moral authority to halt the flow of oil in a safe, functioning and essential energy conduit from one end of another country to the other – is now where it belongs: in the courts. As I have written before, the Line 5 shutdown was hopefully the last “Black Swan” event for our industry. Avoiding this mess follows five years of bad news culminating in the COVID-19 pandemic and the second American cancellation of Keystone XL.

United statesSaudi arabiaDavid yagerPhil skolnickGretchen whitmerThomas lylesCenovus energyPetroleum monitoring agencyInternational energy agencyEnergy research instituteRystad energyResearch instituteFinancial postCalgary heraldGeoffrey morganFrom miracle