Auspice: Oil Industry Relying Heavily on Federal Election

The oil and gas sector could be heavily impacted by the upcoming federal election.

That’s according to Tim Pickering, President and CIO of Auspice Capital, who believes the industry should be top of mind for all eligible voters.

He tells Mix News the impact the sector has on the economy is simply too much to ignore.

“We have many important resource industries in Canada but the jobs, global trades surrounding our oil and gas sector is surpassed by none.”

The oil sector has seen a lot of bumps over the past couple of years.

This includes up and down oil prices, the delays with the Trans Mountain pipeline, and more investors moving away from Canada.

Pickering says the next government voted in needs to take away a lot of the restrictions hurting the sector.

“Bill C-48, Bill C-69, and there’s other, have become so restrictive on the potential for the oil and gas and has frustrated so many investors and has added a layer of risk.”

Locally, incumbent David Yurdiga, Liberal Candidate Maggie Farrington, Matthew Barrett with the People’s Party of Canada, and the Green Party’s Brian Deheer have all touched on the importance of the economy and the oil sector.

The election is on October 21.

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