Grim Report For Canada's Oil And Gas Sector

This note is worthy of a stand-alone post. I posted it earlier with other links, but it needs to be highlighted. 

News from Canada -- for Canada -- does not look good (a PDF file -- you might get a dialog box asking you to link to another website; if you do, that's fine, no problem, but of no use either. I would just cancel that link.)

It's going to be a long haul for those in the oil and gas sector in the North (Canada) with the Conference Board of Canada predicting continued decline in the industry.

A four-and-a-half per cent decrease in the sector every year until 2025 is the grim forecast and the reason is a lack of wells moving into production in the foreseeable future.

And that begs the question, "why?"

I didn't have time to do the math, but from Don:

At an annual 4% decrease for 12 yrs: assume 100% at end of 2013, then with a 4% compounded  yearly decrease, one arrives at 61% at the end of 2025.

The word "grim" might be an understatement.