Energy Minister Warns it Will be Two Years Before $70 Oil Returns - Calgary Herald
The drop in oil prices has had an impact on Alberta's economy, and triggered layoffs and decreased investments in the oil sands projects. According to Energy Minister Frank Oberle it could take at least two years before crude oil increases significantly in price. However, the oil industry is anticipating lower development costs which will contribute to potential discounts.
Web Pages Used
No comments have been posted yet. You could be first!
Please login to post a comment.