Canada’s Oil Crisis Could Hurt U.S. Consumers

Job losses, a chronic pipeline capacity shortage, a "bill for spills", and a carbon tax - these are just some of the problems that the Canadian energy industry is wrestling with right now and are likely to continue wrestling with for the observable future. While some of these problems are shared by much of the global oil industry, some are uniquely Canadian and make the industry's future quite murky.

Those pesky pipelines Canadian crude oil exports by rail to its main client, the United States, have been on a substantial rise in recent months because…