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Article: Oil sands riches slow to a trickle Recession catches up to Canada mining mecca
- Article from:
- The Milwaukee Journal Sentinel (Milwaukee, WI)
- Article date:
- October 18, 2009
- Author:
CopyrightCopyright 2009 The Milwaukee Journal Sentinel. Provided by ProQuest LLC. (Hide copyright information)
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By RICK BARRETT
The global economic slowdown has caught up with the desolate oil
sands region in northwest Canada, which has been sending a torrent
of money flowing through Wisconsin.
Known for fostering a boomtown in Fort McMurray, Alberta, the
region has seen roughly $90 billion worth of oil production projects
deferred or canceled during the recession. The result has been a
slowdown in sales for some Wisconsin manufacturers who supply
equipment to the region, although existing oil sands projects are
keeping some others as busy as ever.
Huge electric mining shovels, made in Milwaukee, have provided
the muscle behind the Gold Rush-style boom as oil companies tap the
riches of dirt ...