Canada has the third largest oil reserves in the world and is the fourth largest oil producer in the world and the fourth largest oil exporter. Most of Canada’s oil production is exported, approximately 600,000 cubic meters per day (3.8 Mbbl/d) in 2019, with 98% of exports going to the United States. Is Canada’s oil industry shrinking? If Canada implements the new policies promised by the Liberals, which include requiring more sales of electric cars and limiting emissions from oil and gas production, available Canadian oil will fall by 100,000 barrels a day by 2030. Is the oil industry growing in Canada? Platts Analytics forecast that total Canadian production would…