In his column, Mason brings home the impact for the Alberta tar sands/oil sands industry, and for the province that is still overly dependent on it. “It suggests that oil-exporting countries, including Canada, will see a steep decline in their output and consequently will experience massive layoffs,” he writes. “Canada, and the oil sands in particular, are especially vulnerable because production costs are relatively expensive compared to other energy-exporting jurisdictions such as Saudi Arabia. That means those countries with the highest production costs are likely to be the first affected when demand begins slowing, as it will.” #abpoli #ableg
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