Heavy Oil Investing News » Canada oil sands slowdown likely to stop runaway costs

Canada oil sands slowdown likely to stop runaway costs

October 30, 2008 @ 6:14 am In Heavy Oil Market News

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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[1] here: http://www.forbes.com/reuters/feeds/reuters/2008/10/24/2008-10-24T204813Z_01_N24383327_RTRIDST_0_CANADA-ENERGY-OILSANDS-ANALYSIS.html