Who Really Benefits From $50/Barrel Oil?
The oil and gas industry is the most important industry in our province; it is Alberta’s number one source of revenue. Aside from being crucial to our province, this industry is also crucial to our country, as Alberta is Canada’s top provider of natural resources.
While the recession that hit this industry and our economy so harshly over the last couple of years has come to an end, thank goodness, it is still going to be a slow recovery process. Although jobs that were lost are now being refilled and projects that were halted are being kick started once again, the price of oil remains relatively low, especially in comparison to the impressively high prices we were seeing before the recession hit in 2014.
Read the full article here.