Things have been better for Canada's oil industry. The International Energy Agency and the Canadian Association of Petroleum Producers both have sky-high projections for the country's oil sands production. Growing production would be great for Canada's bottom line, but a complete lack of takeaway capacity is significantly hampering the region's potential. In this video, Fool.com contributor Aimee Duffy looks at some recent developments and the effects they may have on both our neighbor to the north and investors.

Fool contributor Aimee Duffy has no position in any stocks mentioned. Fool contributor Tyler Crowe has no position in any stocks mentioned. For more energy information, follow them on Twitter, @TMFDuffy and @TylerCroweFool.

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