Wednesday, February 25, 2015

Energy Quote of the Day: Oil Sands Industry Must Cut Costs or Face ‘Death Spiral’

Energy Quote of the Day: Oil Sands Industry Must Cut Costs or Face ‘Death Spiral’

By Edward Dodge
A large excavator loads a truck with oil
The President of one of Canada’s biggest oil and gas producers warned the oil sands industry that they must cut costs or face a “death spiral”. The drop in oil prices is an “opportunity” for every part of the industry to cut costs and eliminate inefficiencies that crept into the system during years of high

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