The fastest growing markets for energy exports now lie in non-OECD nations. However, Canada cannot respond to this opportunity as it lacks the infrastructure to get energy to tidewater and overseas. This lack of market access costs Canada as much as $50m per day.
The world will rely on oil and gas for the foreseeable future. If Canada does not export oil and gas, the world will not stop using hydrocarbons; Canada will simply miss out on a rare opportunity.
Infographic courtesy of Visual Capitalist.