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Canada's oilpatch adjusts to the 'new normal' after a year of pain
2015-12-15 18:00:12| Energy - 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.
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.
In Paris, Managing Humanitys Relationship with Earths Climate Becomes Normal
2015-11-30 17:46:00| Climate Ark Climate Change & Global Warming Newsfeed
New York Times: The best thing about the Paris climate conference known as COP21, which began today with a round of position-staking and prodding speeches by President Obama and dozens of other world leaders, is that dealing with global warming has become normal, and thats a good thing. Gone is the seal the deal language, aiming for some grand top-down accord, in the months before the failed Copenhagen talks in 2009. I was heartened when President Obama centered his speech on this explanation of whats being...
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Energy industry must adapt to 'new normal,' Alberta oil executive says
2015-11-30 03:01:45| Energy - Topix.net
Oil patch financier Murray Edwards sees no return to crude prices of $100 a barrel, and says only energy companies that can squeeze costs as environmental and regulatory requirements increase will survive. Mr. Edwards, chairman of Canadian Natural Resources Ltd., predicted a year ago that crude would sink briefly under $40 a barrel before returning to a higher price.
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industry
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energy
Energy industry must adapt to 'new normal,' Alberta oil executive says
2015-11-30 02:41:20| Oil & Gas - Topix.net
Oil patch financier Murray Edwards sees no return to crude prices of $100 a barrel, and says only energy companies that can squeeze costs as environmental and regulatory requirements increase will survive. Mr. Edwards, chairman of Canadian Natural Resources Ltd., predicted a year ago that crude would sink briefly under $40 a barrel before returning to a higher price.
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industry
says
energy
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