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Energy industry must adapt to 'new normal,' Alberta oil executive says

2015-11-30 03:01:45| Energy - Topix.net

Oil patch financier Murray Edwards sees no return to crude prices of $100 a barrel, and says only energy companies that can squeeze costs as environmental and regulatory requirements increase will survive. Mr. Edwards, chairman of Canadian Natural Resources Ltd., predicted a year ago that crude would sink briefly under $40 a barrel before returning to a higher price.

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