This report offers a detailed five-year forecast of Canada’s Oil Extraction Industry.
Canada’s Oil Extraction Industry: Industrial Outlook Winter 2010
Canada’s Oil Extraction Industry: Industrial Outlook Winter 2010
Industry Economic Analysis
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- Trade—The expected turnaround in the U.S. economy over the next five years will result in greater demand for Canadian oil, allowing exports to expand over the forecast.
- Price—Although still down from the record highs of 2008, oil prices have risen significantly from their low point in 2009. Higher prices over the forecast will have a direct impact on revenues.
- Costs—The recession only alleviated—it did not eliminate—labour and material shortages. As activity picks up this year, costs will begin to rise rapidly once again, squeezing producers’ profits.
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