The author cites the loss of the business case. I don't believe that to be true. Yes prices have dropped and yes there is a consolidation going on in the industry that will squeeze out costs now and into the future. Newer technology is being brought to bear that will further reduce operating costs. Production will increase, albeit more slowly. The key driver in the business case is on the demand side. And that demand is projected to grow and keep on growing. Supply will keep up in Canada. Pipeline operators make their money on volume (nominations) and that will be met. Now was EE at risk from KXL, the TransMountain Expansion, etc. Yes, to a degree in that these lines are far more advanced along the process. And that process is being hindered by multiple levels of governance and over the top regulatory hurdles - the true root cause of this cancellation.