As need to reach foreign markets intensifies, Canadian oil industry isolated from Treaty Alliance threats

Global demand for energy is expected to rise some 32% by 2040 and more than a quarter of that increase will be met by oil, raising the stakes for the Canadian oil industry to diversify its markets. According to the Canadian Association of Petroleum Producers (CAPP), the lion’s share of demand will come from China and India, with their combined consumption expected to increase by more than 10.8-million barrels a day by 2040.