Quote:
Originally Posted by Mr.Impreza
What's the deal with the whole Oil industry lately? They say companies are struggling in Alberta, yet gas in Ontario is still expensive  |
I went to school with now about 11-15 people all in oil and gas, so maybe I'm a bit jaded haha
Specific to Alberta, the cost of extracting oil is higher than places like Saudi Arabia on a per barrel basis. That is, the amount of profit they can make is less. That's why they are struggling.