This report offers a detailed five-year forecast of Canada’s Gas Extraction Industry.
Canada’s Gas Extraction Industry: Industrial Outlook Summer 2009
Canada’s Gas Extraction Industry: Industrial Outlook Summer 2009
Industry Economic Analysis
$1,250.00
- Prices—A contraction in both the U.S. and Canadian economies has weakened demand, led to rising inventories, and sent prices to levels on par with 2002.
- Investment—The pullback in drilling has put future production at risk. Furthermore, the average productivity of gas wells in Canada continues to fall, raising the per-unit cost of producing natural gas.
- Production—In the near term, the recession has led to lower demand in the U.S. and cut exports. In the longer term, increases in LNG capacity and growing unconventional production in the U.S. will reduce U.S. dependence on Canadian gas.
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