The Financial Post reports in its Tuesday edition that sales of drilling rights in Alberta are declining as President Donald Trump's trade war and OPEC+ production increases impact crude prices. A Bloomberg dispatch to The Globe reports that the average leasing price for oil sands land dropped to $771 per hectare this year, an 18-per-cent fall from last year's peak, the highest since 2007. Prices for non-oil sands lands fell by 25 per cent. This decline suggests the Canadian drilling boom, fuelled by last year's Trans Mountain pipeline expansion, may be ending as increased shipping capacity led to higher output and soaring land prices in 2024. However, the twin shocks of Mr. Trump's tariffs and OPEC+'s faster-than-expected production increases have sent oil prices tumbling to four-year lows in recent weeks, sapping drillers' appetite for new production sites. Canada's oil industry is experiencing a slowdown similar to the U.S. However, Canadian producers are expected to increase output, especially in the oil sands, where lower prices can be offset by higher volumes. As well, a new liquefied natural gas plant in British Columbia will promote drilling in Western Canada's oil rich areas, according to S&P Global's Kevin Birn.