Just a painful cycle for some, far to much oil in the ground and capital invested to not see an eventual resurgence. We will see pipelines, we have very eager refineries in the states who do want our oil, we have plenty of potential customers overseas who although they may seem impatient they also see the delays in getting pipelines built and will pressure Canada to move forward on the pipelines.
All IMHO, I just think there is far to much at stake to say its over, more of a big lull. Although I must admit many of the above posters are probably far more knowledgeable about these things than I.
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