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IEA warning oil security at risk due to severe spending cuts in the energy patch

IEA warning oil security at risk due to severe spending cuts in the energy patch

The Paris-based International Energy Agency estimates that US$300 billion is needed to sustain production and singles out the US, Canada, Brazil, and Mexico as countries who are facing difficulty in keeping up current output.

Over US$100 billion in capital spending has been taken out of the energy sector so far. The IEA warns the global oil markets are at risk of supply shortage pointing out that production from Nigeria, Iraq, Venezuela and Libya is highly volatile and subject to political instability.

EI recipients in Alberta almost double last year

EI recipients in Alberta almost double last year

The Federal government hands out the goodies in 2016 budget but forgets energy sector

The Federal government hands out the goodies in 2016 budget but forgets energy sector

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