Canada’s Oil Extraction Industry: Industrial Outlook Summer 2010

This report offers a detailed five-year forecast of Canada’s Oil Extraction Industry.

Document Highlights

• Prices have come up significantly over the past 12 months, providing the impetus for increased development of the oil sands.
• 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.