Quote:
Originally Posted by Slava
Also, for Albertans, WTI dropping below $90 means that the gas tax relief is gone. It dipped below, and is currently ~$92...so something to watch.
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Good point Slava, that would equate to an immediate ~ $0.13/l increase at the pump.
Also have begun to see our clients (E&P's) begin to make noise about scaling back drilling plans already and they are pushing back harder on our (service industry) price increases (which still have barely been enough to cover cost increases). Might put some strain on the service industry which is just beginning to recover from the 8 year downturn. Flip side is it might reduce the strain on manpower due to high activity levels we are seeing right now.