Oil patch belt-tightening obscures true picture

The Globe and Mail

Published Thursday, Dec. 12 2013, 5:29 PM EST

Last updated Thursday, Dec. 12 2013, 5:30 PM EST

From the headlines of the past few days, you could be excused for thinking the Canadian oil and gas industry is on a belt-tightening binge. But the oil patch, like many a wayward country on the euro zone periphery, is not naturally inclined to austerity. Some large and notable exceptions aside, it will take more than a year or two of disappointing commodity prices to quell the industry’s thirst for growth.

http://prosperitysaskatchewan.wordpress.com/2013/12/13/oil-patch-belt-tightening-obscures-true-picture-oil/

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