Energy Risk Canada: Low crude prices won’t stop oil sands development, experts say

The prospects for long-term development of the Canadian oil sands remain good, presenters at Energy Risk Canada say, dismissing concern about the recent plunge in crude oil prices

Oil prices have slumped recently as the European sovereign debt crisis threatens to reduce global energy demand. That has raised some concern about the viability of developing Canada's oil sands, where petroleum is extracted with a costly mining-like process rather than conventional drilling. But experts at this week's Energy Risk Canada conference dismissed such worries, declaring themselves bullish about the longer-term prospects for development of the oil sands.

"I'm favourably inclined to