cover image: A detailed analysis of the productivity performance of oil and gas extraction in Canada

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A detailed analysis of the productivity performance of oil and gas extraction in Canada

3 Sep 2009

Micro-Economic Policy Analysis Branch of Industry Canada | By the Centre for the Study of Living Standards i A Detailed Analysis of the Productivity Performance of Oil and Gas Extraction in Canada Abstract In recent years, the productivity performance of oil and gas extraction in Canada has been dismal. [...] There are a number of reasons for this interest including the dramatic increase in oil prices and the effect of oil prices on the Canadian dollar, the environmental impact of the development of the oil sands (Sharpe et al., 2008), and the inter-regional re-alignment of the Canadian economy in response to the growth of oil and gas extraction. [...] This sub-sector includes the production of oil, the mining and extraction of oil from oil shale and oil sands, and the production of gas and hydrocarbon liquids, through gasification, liquefaction and pyrolysis of coal at the mine site. [...] Productivity Trends in Oil and Gas Extraction in the United States Due to the proximity of Canada to the United States, many of the factors that influence the oil and gas industry in the United States also influence the industry in Canada. [...] A. The Relative Importance of Oil and Gas Extraction Oil and gas extraction is relatively less important in the United States than in Canada in terms of both output and employment.
environment education economics economy mining natural gas petroleum gross domestic product productivity growth science and technology business economic growth employment gas industry labour labour economics crude oil productivity oil economic indicator economic sector alberta total factor productivity capital intensity oil sands growth rate energy and resource petroleum industry and trade unconventional oil

Authors

Bradley, Celeste

Pages
63
Published in
Canada

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