Oil-Sands Spending to Fall 20% as She...

Oil-Sands Spending to Fall 20% as Shell, Suncor, EnCana Delay D...

There are 2 comments on the Bloomberg.com story from Nov 11, 2008, titled Oil-Sands Spending to Fall 20% as Shell, Suncor, EnCana Delay D.... In it, Bloomberg.com reports that:

Energy companies are cutting back development of Canadian oil sands, the world's biggest energy reserves outside Saudi Arabia, as crude prices plunge and processing costs become prohibitive.

Join the discussion below, or Read more at Bloomberg.com.

just like citizens now eh

Toronto, Canada

#1 Nov 11, 2008
... Stringham said. Suncor, which peaked May 20 at C$72.37,

fell 63 percent since then, closing at C$26.55 today on the Toronto Stock Exchange.

Petro-Canada has declined 57 percent to C$25.78 from C$60 on May 22. Imperial Oil Ltd., Canada's largest oil ...


Related Topix: Suncor Energy, Energy, EnCana, Oil & Gas, North America, Canada, World News, Calgary, AB, Canada, Alberta, York (Toronto, ON), Ontario, Cold Lake, AB
global dimming then

Toronto, Canada

#3 Jan 30, 2009
While we’re delighted the project is going nowhere for now, we know that Enbridge could start it up again in a moment’s notice...


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