Super charged battles over pipelines and oilsands projects have faded from the public spotlight in the past month, dwarfed by an enormous health and economic crisis.Many in the Canadian oil and gas industry believe the focus on stopping COVID 19 and the collapse in crude prices could lead to a shift in the national conversation around energy and the need for the sector to grow.But the first test will come when the Trudeau government rolls out a promised assistance package to help address financial liquidity issues in the sector.”Here is their chance to shine.Article content continued”Are they going to be pro energy or not? And if they’re not, they’re about to show it here.”The country’s economy has been pulverized in the past month with measures to slow the spread of the coronavirus.Even with a deal by OPEC+ to cut oil production, prices for West Texas Intermediate crude dipped to US$20.11 a barrel on Tuesday, down $2.30.A new RBC Economics report projects all provinces will tumble into recession this year. It expects Alberta’s economy will shrink by 8.2 per cent, while the unemployment rate will average 13.9 per cent for the year.The largest oil producing provinces in Canada Alberta, Saskatchewan andNewfoundland and Labrador face the biggest economic contraction in the country. They also have opportunities to rebound if the energy sector can get back on its feet..
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