Canada’s Oil Extraction Industry: Industrial Outlook Summer 2010

The Conference Board of Canada, August 26, 2010
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This report offers a detailed five-year forecast of Canada’s Oil Extraction Industry.

Document Highlights

  • Prices—Prices have come up significantly over the past 12 months, providing the impetus for increased development of the oil sands.
  • Costs—Material and labour shortages in Western Canada will not ease any time soon, and keeping costs under control will once again be a priority for Canadian companies.
  • Trade—U.S. demand for increased crude supplies from non-Middle Eastern sources can be met with increased Canadian production. Work is already being done on both sides of the border to expand pipeline and refinery infrastructure.

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