Canada oil sands slowdown likely to stop runaway costs
A slowdown in expenditure on multibillion-dollar projects to develop Canada’s oil sands, should help cure one ailment the industry has so far been unable to shake: runaway inflation.
FirstEnergy Capital analyst William Lacey said:
The big guys have all suddenly drawn a line in the sand that wasn’t there. Personally, I think this is a positive development.
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Thu, Oct 30, 2008
Post by Melissa Pistilli, Heavy Oil Senior Reporter