Published twice a year, the Canadian Industrial Outlook Service includes detailed, five-year forecasts in 10 key Canadian industry sectors. Outlooks for several financial and economic variables—prices, production, revenues and expenditures, profits, gross domestic product, and employment—are generated, based on forecasts of key domestic and international factors such as interest rates, exchange rates and tax policy.
Document Highlight
Canada’s Oil and Gas Industry: Industrial Outlook analyzes markets and forecasts revenue, costs and profits for the oil and gas industry, with projections for light crude, light offshore crude, heavy crude, non-conventional crude and natural gas.
After climbing to a record high of $28.7 billion in 2003, profits in Canada’s oil and natural gas industry will moderate to $13 million this year—still high by historical standards. Total profits should stay healthy through to 2007, even if they won’t match the levels reached this year and last.
The outlook examines issues such as:
- how world events are likely to affect energy prices
- the rising share of oil consumed by developing countries
- the drop in productivity of conventional oil wells and natural gas wells
- how technological advances are improving bitumen extraction from Alberta’s oil sands
There are no reviews yet.