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Sep 17, 2018 • 7 tweets • 2 min read
Mr. Poilievre, how can it have escaped your notice that there has been a structural change in the oil industry that began with the mid-2014 (pre-Trudeau) plummet in oil prices. The cause of that decline was a global and North American supply glut. /2 #cdnpoli
2/ That glut was caused by the oil industry. It developed the technologies needed to tap tight (shale) oil, thus giving the Americans their shale oil boom and declining interest in Canadian oil. Low prices were particularly challenging for oil sands producers' higher costs. /3