Rising Oil Prices and the Canadian Economy

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Essay #: 055866
Total text length is 11,461 characters (approximately 7.9 pages).

Excerpts from the Paper

The beginning:
Studentfirstname Studentlastname
Professor Firstname Lastname
Business 123
28 November 2009
Rising Oil Prices and the Canadian Economy
The rising oil prices are part of the reason that there is a global economic downturn and Canada has been swept up in this downward spiral. Canada may be better off than some countries because it has its own oil resources. However, the oil available in Canada comes primarily from the oil sands in Alberta. The method of extraction is very costly and it is also quite damaging to the environment.
While the rising oil prices were breathing life into the oil sands projects in Canada, the resulting price drop absolutely drove a dagger into the heart of the industry in places like Alberta. Even though oil prices...
The end:
.....lusion. Canadians may just have to weather the storm a bit along the way as the economy may falter at times but it should always be able to regain its stature rapidly. The Canadian economy should rise again and probably quite soon.
Works Cited
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FRBSF Economic Letter 2008.31 (2008): 1-3. Academic Search Premier. EBSCO. Web. 28 Nov. 2009.
"Economic forecast." Country Report. Canada 10 (2008): 5-8.
Academic Search Premier. EBSCO. Web. 28 Nov. 2009.
Halas, Sarka "TAKING A BREATHER." Canadian Business 82.6 (2009):
59-61. Academic Search Premier. EBSCO. Web. 28 Nov. 2009.