Boomtown no more: How Alberta's economy has changed, in spite of sky-high oil prices – Quesnel Cariboo Observer
Oil producers having to put increased profits to paying off debt and shareholders
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Oil producers having to put increased profits to paying off debt and shareholders
Oil producers having to put increased profits to paying off debt and shareholders
CALGARY — To take the temperature of the local economy, Lloydminster Mayor Gerald Aalbers only needs to look out the window.
Oil producers having to put increased profits to paying off debt and shareholders
While the industry itself is faring better than it has in almost a decade, with energy prices higher than they've been in many years, experts say any kind of resulting economic explosion for the surrounding region has been conspicuously absent.