Oil and Gas:
Canadian industry official says country will boost natural gas, oil sands production
With record natural gas prices and analysts predicting record home-heating prices for American consumers this winter, Canadian producers are looking to quickly increase natural gas production. Greg Stringham, vice president of markets and fiscal policy at the Canadian Association of Petroleum Producers, says Canadian energy companies may be able to boost natural gas output by 200 million cubic feet per day. Stringham also explains Canadian efforts to increase coalbed methane development and build liquefied natural gas terminals. Plus, he explains the future for oil sands development in Alberta and why U.S. energy companies should upgrade refineries and pipelines to handle heavy oil from Canada.