Sentences with phrase «surplus oil production capacity»
«By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 MBD.»
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It is likely these projects will be built, and with them there will be a 13 per cent surplus of export pipeline capacity, without the Trans Mountain project, when western Canadian oil production peaks in the 2025 timeframe.