Alberta sounds alarm
Collapse of 282 producers in 5 years, 53,200 direct job losses, tax boondoggle
Gary Park for Petroleum News
The number of companies exploring for and producing oil and natural gas in Western Canada slumped from 1,616 four years ago to 1,334 at the end of 2018, down 17.5%.
Direct employment in the sector is forecast to drop 23% to 173,300 from 226,500 in 2014.
The upshot is that municipal governments are h....
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