CALGARY, Alberta (Bloomberg) -- The Canadian oil-sands frenzy that led to $265 billion of investments in less than a decade won’t immediately stop with $75 crude. Two years from now is another matter. Oil-sands projects are multibillion-dollar investments made upfront to allow many years of output, unlike competing U.S. shale wells that require constant injections of capital. It’s future expansion that’s at risk.
..»
Canadian oil-sands industry’s expansion wavers with $75/bbl crude
![Canadian oil-sands industry’s expansion wavers with $75/bbl crude]()
Reviewed by Crude Oil Brokers
on
13:20
Rating:
No comments:
Post a Comment