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The epitaph of the Canadian oilsands has been written many occasions, however removed from dying manufacturing is definitely anticipated to rise — by about 500,000 barrels per day, or 15 per cent by 2030.

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That’s in line with S&P World Commodity Insights, which final week raised its 10-year oilsands manufacturing outlook for the primary time in over half a decade.

This week on Right down to Enterprise, Kevin Birn, Canadian oil markets chief analyst for S&P World Commodity Insights, explains the place the added manufacturing comes from — provided that nobody is constructing new oilsands tasks and even including infrastructure to increase current websites.

Quite, Birn describes an age of “optimization.” By way of effectivity, consolidation and optimization together with “high-grading” property, oilsands manufacturing will develop. This episode probes what this says in regards to the vitality transition.

As all the time, it’s edited for readability and brevity.

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• E mail: gfriedman@postmedia.com | Twitter: GabeFriedz

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