Canada’s Oil Extraction Industry: Industrial Outlook Summer 2010
This report offers a detailed five-year forecast of Canada’s Oil Extraction Industry.
- 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.