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Lower Oil Prices Strike at Heart of Canada's Oil Sands Production
2015-02-03 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Time: For as long as 400-ton dump trucks have been rumbling around the open pit mines of Canadas oil sands, crews from Kal Tire have been on hand to replace and repair their $70,000, 13-foot diameter tires. But the relationship, going back over a decade, didnt spare the company when oil prices began plummeting. Dan Allan, the senior vice president of Kals mining tire unit, said that customers immediately began looking for price concessions. Others asked Kal to withdraw personnel from some sites or...
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Category:Electronics and Electrical