Weak oil and debt markets may bedevil oil sands plans
Mon Sep 15, 2008 2:16pm EDT
By Jeffrey Jones - Analysis
CALGARY, Alberta (Reuters) - A double whammy of tumbling crude prices and shaky credit markets could force some companies to delay multibillion-dollar Canadian oil sands projects, cutting the country's overall output forecast.
Most at risk are developments that are in the design phase but have yet to start construction. Some have already been delayed due to surging costs, a tight labor market and stricter regulatory scrutiny.