The Globe and Mail reports in its Thursday edition that crude prices sagged below $60 a barrel on Tuesday before rebounding on Wednesday, but Canadian oil and gas executives believe the sector is battle-tested and better positioned to withstand a storm than the industry south of the border. A Postmedia dispatch to the Post reports that West Texas Intermediate crude prices fell $1.12 to close at $59.58 a barrel on Tuesday -- its lowest point since 2021 -- continuing a slide that began last week amid tariff worries about increased OPEC+ production. Cenovus Energy boss Jon Mckenzie, chair of the Canadian Association of Petroleum Producers, said the price drop has been "short and violent," but he does not expect much to change for Canadian companies in the short term. He pointed out the industry became more efficient after oil prices tanked a decade ago. Mr. Mackenzie said: "We've been at this a lot longer than the U.S. industry. ... There's no doubt in my mind their sustaining capital requirements are a lot higher than what we have here in Canada. ... I suspect you're going to continue to see the resiliency of Canadian companies outpace the international peers in any kind of downdraft in commodity prices."