"Who knows"? Certainly not many Canadians it seems.
[IEA Changes View on Oil Glut, Sees Surplus Enduring in 2017
by Grant Smith
September 13, 2016, 4:00 AM EDT September 13, 2016, 6:47 AM EDT

    Faltering Asian demand has weighed on consumption this quarter
    Market set for fourth year of surplus as Gulf OPEC pumps more

The surplus in global oil markets will last for longer than previously thought, persisting into late 2017 as demand growth slumps and supply proves resilient, the International Energy Agency said.

World oil stockpiles will continue to accumulate through 2017, a fourth consecutive year of oversupply, according to the IEA. Consumption growth sagged to a two-year low in the third quarter as demand faltered in China and India, while record output from OPEC’s Gulf members is compounding the glut, it said. Just last month the agency predicted the market would return to equilibrium this year. [...]
- :  Bloomberg