CALGARY, Alberta (Bloomberg) -- The Canadian oil-sands frenzy that led to $265 billion of investments in less than a decade won’t immediately stop with $75 crude. Two years from now is another matter. Oil-sands projects are multibillion-dollar investments made upfront to allow many years of output, unlike competing U.S. shale wells that require constant injections of capital. It’s future expansion that’s at risk.
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Canadian oil-sands industry’s expansion wavers with $75/bbl crude
![Canadian oil-sands industry’s expansion wavers with $75/bbl crude]()
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