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Spectre of coming cutbacks sends a chill over city sometimes called Fort McMoney
By Terry Reith, CBC News, Jan 17, 2015
Fort McMurray, Alta., the city at the heart of the oilsands, is already seeing signs of a slowdown as the price of oil sinks.
The boom town has weathered many a bust, only to recover and continue its frenzied growth. But this time there are projections that the price drop could be deep and sustained. That’s bad news for the oilsands, where the cost of production is higher than for conventional oil.
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