Lack of capital, rising exploration costs blamed.
Motorists could pay as much as five to seven cents more a litre, analysts say.
Ontario and Quebec together lost nearly 52,000 young people between 2003-2012 to jobs in Western Canada.
Higher prices will bolster the oil sector in Western Canada, Newfoundland and Labrador, and bring in more tax and royalty revenues.
Report suggests economic output improvement in 2013 was heavily slanted toward resource-rich regions.
The Fraser Institute says more than 600 resource projects at risk because of First Nations unwillingness to participate in them.
Energy giant says shortage is affecting its Petro-Pass commercial customers, which are mostly truckers and farmers.
Empire will own 51% of the joint venture, which will design and manufacture amusement rides for the Asian market.
Younger Canadians and immigrants flocking to western Canadian cities for jobs opportunities
Canadian manufacturers are expecting a moderate hiring climate in the first quarter of 2012, according to the latest Manpower Employment Outlook Survey report.
Husky Energy’s Western Canadian operations are shifting from conventional production to so-called resource plays that take high-level technological expertise to exploit.