A slowdown in the Alberta oilpatch might have executives wincing and making plans to move to Saskatchewan, but for some communities across the province, it represents a welcome breather.
Drilling in Alberta is expected to drop by 31 per cent this year compared with 2007, according to the latest forecast by the Petroleum Services Association of Canada.
The downturn is expected to trim up to 20,000 jobs in the oilfield service industry, with most of the pain being felt in the beleaguered natural gas sector, where an 18-month slide in prices is expected to continue late into 2008.
Read the entire story here: