Right now companies are spending through the current discounts to bitumen as most oil sands projects are long term in nature and require multiple years to build. The focus is on the long term and issues such as pipeline capacity are viewed as being more of a short to medium term issue that will ultimately get resolved. Capital investment in the sector is still higher than 2007 levels. This will keep up the demand for labor and jobs in the near term.
As for Suncor, Voyaguer was on borrowed time after 2009 regardless of the current pricing environment.
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