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Markham Hislop critiques the oil and gas industry's current state, emphasizing significant job cuts since 2014 despite rising production. He highlights that declining global oil prices are affecting revenue while improved industry efficiency points to a future decrease in employment.
These developments in the oil and gas sector further underscore the shifting dynamics of North American energy markets—a theme Hislop has explored in depth regarding how U.S. heavy crude reliance creates leverage for Canada.