je.st
news
Canada's oilpatch adjusts to the 'new normal' after a year of pain
2015-12-15 17:59:59| Oil & Gas - Topix.net
"It's definitely a noticeable slowdown," said Mayor Craig Copeland, who has been hearing from hotels, restaurants and retailers that business is down about 30 per cent year-over-year in the oilpatch's bedroom community. It's not much of a surprise, with crude prices spending most of the year under US$50 a barrel and sinking below US$40 a barrel this month.
Tags: of
year
normal
pain
Category:Energy and Environment