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by Stockwatch Business Reporter

West Texas Intermediate crude for November delivery lost 47 cents to $53.31 on the New York Merc, while Brent for December lost 46 cents to $58.96 (all figures in this para U.S.). Western Canadian Select traded at a discount of $17.05 to WTI, unchanged. Natural gas for November lost eight cents to $2.24. The TSX energy index added 1.21 points to close at 126.36.

Today is decision day. All across Canada, voters are heading to the polls to elect the next federal government. For the energy sector, this is a particularly high-stakes election, serving in some ways as a referendum on whether Canada should or should not leave its oil in the ground. The Conservatives have positioned themselves as the champion of the energy sector, promising to build pipelines, tear down regulations and reinvigorate investment. The Liberals claim to be champions of both the energy sector and the environment, citing in the first case their vested interest in the Trans Mountain pipeline expansion, although the industry remains skeptical of just how deep Liberal support really runs. The Greens and the NDP are more or less nightmare fuel for any advocate of the energy sector.

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