Oil Spending Surges in U.S. With Canada ‘Dying by Our Own Sword’

by Robert Tuttle, June 26, 2018 in Bloomberg

While U.S. drillers deploy more rigs than any time since 2015 amid a fracking surge in the Permian Basin, companies including ConocoPhillips, Royal Dutch Shell Plc and Equinor ASA have sold operations or pulled out of Canada’s oil sands, the world’s third largest source of crude reserves.