Energy Minister Warns it Will be Two Years Before $70 Oil Returns - Calgary Herald
Description
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.
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Submitted By:ToniT
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Source:Calgary Herald
Resource Type:Research
Subject(s):Economics, Business Education, Global Studies,
Topic:Business and Economics, Energy Generation, Globalization, Natural Resources,
Level:Secondary
Grade: 9 10 11 12
Administration:Edit Resource
Source:Calgary Herald
Resource Type:Research
Subject(s):Economics, Business Education, Global Studies,
Topic:Business and Economics, Energy Generation, Globalization, Natural Resources,
Level:Secondary
Grade: 9 10 11 12