Before this gets political, it's not just an Alberta event, but all over. The new "norm" for the
foreseeable future is $50/Bbl oil. Diversification is the key for Alberta and Canada. Time to get back to producing consumer goods, instead of just raw materails and there by supporting foreign ecomomies...
http://www.wtrg.com/rotaryrigs.html
Quote:
Originally Posted by Mangosteen
Incredible.
Now that the north is frozen in ( or could be ) today's rig utilization is only 16 percent in contrast to around 90 percent for this most opportune time for muskeg access.
Never thought I would ever see the day.
The ripple effect of this will be incredible all over the province.
No end in sight yet.
I wonder how much marginal production is going to be shut in next.
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