In a major statement, Encana founder Gwyn Morgan and Canadian Hunter Exploration Founder Jim Gray warned of oil supplies peaking and major new increases in the price of petroleum in the future. Morgan and Gray call for major Canadian government commitments to the energy sector, seeing Canada’s energy endowments as positioning the country to be the wealthiest and most successful of the developed countries in the years ahead.

These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine under sponsorship of BDO Dunwoody LLP.