The biggest companies in the energy industry are all in the same boat
The Canadian oil industry is a business that is driven by cost, and so there is an implicit bargain for all involved.
It’s the same bargain between the private sector and the public sector.
It comes down to a simple calculation: Who can afford to lose more?
The energy sector’s bottom line is a big part of that equation, and the companies that have come into being in recent years are the ones that have made it that way.
Companies like Total, Exxon Mobil and Chevron are all big oil players, and they have been able to do so in large part because of a simple equation: Who has the money and can afford the higher costs?
The fact that they can afford it means the public can also afford it.
For a while, it was a simple business to operate.
Oil was cheap and the profits were plentiful.
Companies knew their oil was cheap, so they could easily turn a profit.
In 2008, the cost of crude oil hit $120 a barrel, up from $40 in 1996.
But as the oil industry began to recover from the financial crisis, the price started to rise again, making oil a risky investment.
In 2011, the Canadian Association of Petroleum Producers, which represents all of the big oil companies, announced a “price freeze” and warned oil companies they would need to slash spending.
The industry responded by cutting production, shutting down facilities and laying off workers.
That led to the rise in oil prices that’s been happening ever since.
By 2017, oil prices had been rising by more than 50 per cent since the beginning of the year.
The Canadian Association said in a report that Canada’s energy sector would need “to dramatically cut spending, with some estimates putting it at $1.5 trillion annually.”
“The fact that we’re in this crisis now, where oil is so cheap, we’ve got to look at every possible avenue to mitigate some of the risks,” said Dan Wengraf, the president of the Canadian Petroleum Prodders Association.
He noted that a price freeze would cost the government billions of dollars in revenue, and that “the risks would be much greater than they are right now.”
“If we had that price freeze in place in the beginning, that would have put an end to this crisis, which we now have,” he said.
“It would have helped to get some sort of a price agreement, and at least give some relief to the industry.”
So what does a price collapse of this magnitude look like?
Oil companies have been cutting production to try to keep prices from rising, and to avoid any damage to the financial bottom line.
The companies say they have to reduce production because of the impact of a high oil price on their operations and the amount of oil they can produce at the same time.
They also say that a collapse of prices will hurt their ability to recover and get back to profitability.
So how much money will companies lose if prices plummet?
The companies are still making money, but not enough to cover the cost.
The average price of crude currently sits at $100 a barrel in North America, but some experts say that is about where it will need to go.
And the price that companies are willing to pay to keep producing is what will be the biggest driver of the economic downturn.
Companies have told analysts that they will be forced to reduce their output and spend more money if prices drop.
That will mean less income for workers, and fewer jobs, said Stephen Moore, a senior economist with TD Securities.
“They’ve been trying to keep the price low, and we’re not going to see them stop because of some price decline,” he added.
“So it’s going to hurt them economically.
But the real issue is what is the future of this industry?
We have no idea.”
The oil industry has been doing this for a long time.
It has been a constant source of turmoil in the economy, and it has helped keep things stable over the last 40 years.
But now that the price is dropping and the oil market is starting to stabilize, it is time to ask the question: Will oil companies have to make the same tough decisions that they made back in the 1990s?
Or will they be able to survive by cutting their losses and taking a longer-term view?
The answer to that question could have a huge impact on the future economic fortunes of the energy sector.
What happens if oil prices drop again?
The oil price could plunge again, and this time it will be a big deal.
A price collapse means the cost for producers and suppliers will rise.
And if oil companies can’t keep up with the increase in costs, they will need help from the government.
In the past, the government has helped to shore up the industry by putting in place tax breaks and subsidies, and by creating a so-called recovery fund.
But these measures have not been enough to keep oil prices from increasing, and governments are no longer providing the help they once did.
That is why some