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Colin Snelgrove

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Hello, today I’m going to show you what the Canadian oil crisis is about. Through websites, pictures and videos you’re going to learn how low oil prices, inventory and high unemployment in Alberta can affect Canada’s economy.

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The article talks about how a barrel of oil now costs about $13.46 a barrel and how this costs the country around 80 million to 100 million dollars.
An interesting thing about this article is Canada's oil sector is is about a tenth of the nations economy.

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The video tells us that because of the fiasco with the pipelines they have to transport the oil by train.
An interesting thing about the video is it costs about $350 million and 120,000 gallons of oil a day.

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So the article talks about how because of the crisis in Canada it affects the whole world by making everyone loose money in some way. An interesting thing i found is how badly it affects the other countries.

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This pictures shows Canada's total oil supply and it does show the oil supply is going up.

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This picture shows that WITI is lower than Brent showing the differential between the two.

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The video basically tells us that because of Canada's low cost it can't compete with other companies and how we have to much oil in storage because we have no way to transport effectively.
An interesting thing is you'll think that a lower cost for oil means better business but it doesn't.

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This video talks about how in 2015 the number of employees working at the oil fields have nearly been cut in half. And it also tells the story of some workers. An interesting is how they did almost cut half the workers.

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This picture shows that in mid 2014 the employment in the oil, fishing mining .etc had dropped drastically.

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This is article basically tells us that between 2004-2014 Alberta had a strong a economic growth,but started to drop heavily in 2015 and so on. An interesting thin on the website is before the oil crisis Alberta had the lowest unemployment in Canada.