Cut Costs or Face 'Death Spiral,' CNRL Warns Oil Sands - The Globe and Mail
The president of one of Canada’s biggest oil and gas producers, Steve Laut of Canadian Natural Resources Ltd., delivered a warning to the oil sands industry, telling Fort McMurray business people and members of the local Chamber of Commerce that they need to start cutting costs or the industry will collapse. The drop in oil prices is an opportunity for every part of the industry to cut costs and eliminate inefficiencies.
Source:The Globe and Mail
Subject(s):Economics, Business Education, Environmental Studies, Global Studies,
Topic:Business and Economics, Energy Generation, Globalization, Natural Resources,
Level:Intermediate / MiddleSecondary
Grade: 7 8 9 10 11 12
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