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All Topics Article
Slumping Oil Prices Hit Calgary Housing
Keywords:
Tags: Current Focus, Canada, Oil & Gas,
Calgary, Alberta
02/23/2015
Grouped Articles
Slumping Oil Prices Hit Calgary Housing
Wall Street Journal 02/23/2015
Lower prices for Canada's shale oil and Canada's economy, the impact in 2013-2016
02/20/2009
The significant impact on the Canadian economy and on Alberta of the lower prices for Canada's shale oil. Discounts for Canada's shale oil relative to Brent crude benchmark international oil pricesand U.S. benchmark price range from 20 to 50%. Canada's shale oil was Dat $80 per barrel in April 2013, compared to $94 for U.S. benchmark price and $106 for Brent international crude oil price. This has reduced GDP in Canada for 2012 by 0.4% for the second half of 2012, according to Canada's central bank. GDP growth is sluggish at 1.8% for 2012. The impact in lower government tax and royalty revenues is significant for Alberta.
Grouped Articles
Trade and Oil on Agenda as Obama Visits Canada
New York Times 02/20/2009
Canada Looks to Sell Its Oil Beyond U.S.
Wall Street Journal 08/23/2013
Oil Markets Fly Into a Perfect Storm
Wall Street Journal 10/09/2014
Oil companies: Unsustainable energy
Economist 10/14/2014
Oil prices plunge as production rises, fueling concern in OPEC - The Washington Post
Washington Post 10/15/2014
Global Oil Glut Sends Prices Plunging
Wall Street Journal 10/15/2014
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