Canada’s struggling oil-sands industry has a plan to cut costs while exporting more of their crude: make it even heavier. (Bloomberg) — Canada’s struggling oil-sands industry has a plan to cut costs while exporting more of their crude: Make it even heavier. Companies including Cenovus Energy Inc., Gibson Energy Inc., Imperial Oil Ltd. and MEG Energy Corp. are looking to remove condensate and other light oils from the oil-sands bitumen they produce, so they can get more of it onto rail cars. Doing so would dramatically reduce the cost of shipping crude by rail to the U.S. Gulf Coast, which otherwise can cost twice as much as shipping by pipeline. Removing the light oils, called diluent, would make rail shipments nearly as cost-effective as pipeline exports, said Dinara Millington, vice president of research at the Canadian Energy Research Institute. The plan comes after Alberta’s government in October eased mandatory […]