Before rushing ahead to double oil sands production -- and sending billions more in de facto energy subsidies to U.S. refiners -- Canadians may be better off if producers figure out how to capture more value from what they're already digging out of the ground.

A U.S. energy trade group said the petroleum market in the country was hit by slumping demand. Total petroleum deliveries for August were at their lowest level for the month in 15 years and domestic oil production followed similar trends.

How fortunate we are to have two Nobel Laureates bringing their prestige to matters relevant to oil markets. They instruct us on matters of oil pricing and get it dangerously wrong while we pay at the pump.

NEW YORK — Oil prices tumbled below $130 a barrel for the first time in more than a month Thursday, as crude's dramatic slide entered a third da...