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Downward revision of oil demand forecasts increases risk for tar sands investments, according to new reportp

28 Jul 2009

A new analysis of oil demand forecasts from the world's leading energy agencies has uncovered a significant emerging risk for international oil companies investing in Canada's tar sands. The report, entitled Shifting Sands, calls into question the long term profitability of unconventional oil assets due to major downward revisions of growth in global oil demand over the next decade.

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