| 11.03.2009 - Canadian oil drilling to hit 10-year low |
| From Theglobeandmail.com: Add a new low to an economy filled with all sorts of lows: western Canadian oil and gas drilling is expected to fall to levels not seen since 1999. In a forecast that implies industry consolidation is coming, Peters & Co. published a report on oil field services companies Tuesday that projects a 31 per cent drop in drilling activity from 2008 levels, and a 40 per cent decline from five-year averages..... Full Article: Source |