This report offers a detailed five-year forecast of Canada’s Oil Extraction Industry.
Canada’s Oil Extraction Industry: Industrial Outlook Summer 2009
Canada’s Oil Extraction Industry: Industrial Outlook Summer 2009
Industry Economic Analysis
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- Investment—Deferrals of numerous megaprojects in the non-conventional industry, combined with a record bad year for conventional drilling, will push back anticipated production.
- Wages—Even though activity has slowed drastically in the industry, wages continued to expand quickly through the first quarter of the year
- Price—Although down from the record highs of last year, oil prices more than doubled in the first six months of this year and are expected to continue moving higher over the forecast, pushing revenues higher.
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