It's not so much that there is too much momentum, as that oil is so capital-intensive. Once you turn on an oil sands plant, you never turn it off, except under the most extreme circumstance.
On March 11th, 2015. See this statement in context.
On March 11th, 2015. See this statement in context.
March 11th, 2015 / 4:25 p.m.
Research Fellow, C.D. Howe Institute, As an Individual
It's not so much that there is too much momentum, as that oil is so capital-intensive. Once you turn on an oil sands plant, you never turn it off, except under the most extreme circumstance.
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