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CANADIAN OIL SANDS - CERI'S OUTLOOK

Canadian Oil Sands - CERI's Outlook

Study Released June 22, 2011

Commodity Report - Crude Oil - May 2011

The oil sands development exhibited moderate growth in 2010 relative to prior years, reflecting the resumption of the many oil sands projects that were deferred during the 2008-2009 economic recession. The world’s major economies are starting to rebound (oil demand is increasing), credit is becoming available to oil sands proponents, and mergers and acquisitions are ramping up. The future outlook for potential export markets for bitumen could be expanded beyond the US borders. New oil sands technologies are emerging in pilot stages that promise to reduce the environmental impact while maintaining economic growth and the creation of high value employment...... Download full report.

May 2011