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NEWFOUNDLAND OFFSHORE: OIL AND GAS SPRING ETERNAL

Newfoundland Offshore: Oil and Gas Spring Eternal

Study Released March 17, 2015

Commodity Report - Crude Oil - February 2015

There has been much talk recently about how low oil prices are affecting the Alberta economy. Layoffs have begun in Calgary and Fort McMurray, capital spending has been slashed, and the provincial government expects a CDN$7 billion cut in revenue.1 With no price rebound yet to appear on the horizon, the economic situation in Canada’s oil and gas hub, home to 2/3 of the nation’s crude production, appears likely to worsen before it gets better..... Download full report.

February 2015