Posthaste: Will a Democratic sweep in U.S. elections wipe out Canadian oil producers' prospects?

Few analysts are wearing rose-tinted glasses these days, but oil and gas analysts are seeing nothing but fog.

Oslo-based energy research firm Rystad Energy also argues that oil market conditions have weakened in the very short term, with global oil demand outlook at risk of further downwards revisions due to the stubborn rise in COVID-19 cases which has spurred many countries to reintroduce restrictions in the recent days with possibly more to come.

Canadian oil investors are also wondering whether the outcome of the U.S. elections would have a significant impact on Canadian crude oil producers.

If the PM hadn't cancelled Northern Gateway pipeline and induced Trans Canada to walk away from Energy East we wouldn't be in this position. And the country would be stronger, wealthier, more unified and dare I say it, more resilient.

US oil production exploded under Obama so yeah the inferior Canadian product will suffer under similar circumstances.

It would likely be negative. President Trump has been good. Likely much worse though if JT Liberals win again in Canada: provincial break-up, bankruptcy, chaos.

Yup!

Trudeau is already trying that on his own.

No democrat sweep you dummies, no way they’re winning unless there is mass fraud

A bunch of regurgitated nonsense. The same today as yesterday. COVID-19 has cut demand for oil, prices have correspondingly weakened. Nothing good will happen until an effective treatment and/or a vaccine is available. Is this news? cdnpoli

Well I did what I could to help by giving fossil fuel companies $3-$7 billion in US Federal COVID relief money Then the Federal Reserve decided US taxpayers could purchase $355 million in fossil fuel company debt. You’re welcome. And royalty relief.

There will not be a dem win in many years in that country.

realDonaldTrump Biden gets in power, between Biden & Trudeau; western 🇨🇦 Canada will be in the deepest depression ever! Worse than the 'dirty 30's'. Watch ... Hope Trump wins! 👍 .

No! The White Nationalists, and the White corporate Business Community will keep it in power.

YES, of course, how is it this is even a question that needs to be answered?

lol, 'a Democratic sweep'

Just like Obama

Sweep ? Lol. Good luck

Democratic sweep 🤣🤣🤣

Canada has many possible options when it comes to getting our oil to markets, without the using the US The only people wiping out Canadian oil prospects is Justin Trudeau and his BFF We can’t even build in our own country FFS The call is coming from inside the house

Keystone will be cancelled as per Biden, so that hurts an important Canadian company right off the bat. Which is held in many etf's, mutual funds, and by many individual retail investors.

Keep dreaming National Post! As part of the Deep State corrupt media, the only sweep you will see is the global clean up of all the 'Fake News' media swept out of business. It's coming and it's high time! Public deserve the truth, not the lies from the NWO agenda.

what are you people on?

No. Stop the right wing hysteria. Do you have any idea how long it will take a planet of eight billion people to significantly reduce oil consumption?

No

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