Oil sands face uncertain future in post-peak world
The long-term prospects for the sector may depend on the rate of decline in global oil consumption
Supporters and critics of Canada’s oil sands sector are broadly optimistic in their short- and medium-term outlooks, but they diverge sharply when looking further ahead. In the longer term, proponents are optimistic about Opec+ cohesion and crude prices as global oil consumption declines, but others are pessimistic. This leads to differing views on how the federal government should spend its decarbonisation dollars. Petroleum Economist interviewed G. Kent Fellows, a professor at the University of Calgary, and Aaron Cosbey, a senior associate at Winnipeg-based International Institute for Sustainable Development to learn more about these alternate perspectives on how the oil sands industry mig

Also in this section
27 September 2023
Regional industry body ANGEA remains bullish about Asia's adoption of gas and LNG, despite elevated prices and logistical challenges
26 September 2023
Half a century after the 1973 conflict, the world is dramatically different. But OPEC’s power remains
26 September 2023
Bottlenecks continue to constrain gas-rich Appalachia, and relief may not be in the pipeline
22 September 2023
Former executives and a successor company are accused of complicity in Sudanese war crimes in what is now South Sudan