United States and Canada Must Jointly Develop North American Energy Market

With Canada's complex and costly extraction and high transportation costs, the enduring low oil prices have hit the country particularly hard. Furthermore, possible alleviative measures such as pipeline and LNG terminal expansion face not only domestic but also U.S. opposition. TransCanada’s recent acquisition of the US-based Columbia Pipeline Group Ltd however, should allow it to export more easily to the U.S., and hopefully represents a step towards further cooperation between the U.S. and Canada in the North American energy market.