Antunes: Alberta Oil Production Will Be Recovered

The video discusses the temporary production shutdowns in Alberta, initially estimated to cost 1.2 million barrels a day for 14 days. Recent developments may extend this period. However, the impact is expected to be temporary, with recovery in the third quarter. Economic effects will be mitigated in 2016 due to other provincial activities, including firefighting and rebuilding efforts, which will contribute to GDP growth, mainly in 2017.

What was the initial estimated cost of the production shutdown per day?

• 4.0 million barrels

• 1.2 million barrels

• 2.5 million barrels

• 3.0 million barrels

What is expected to happen to production in the third quarter?

• It will be permanently shut down

• It will recover

• It will remain the same

• It will decrease further

What other activities are expected to mitigate the economic impact in 2016?

• Firefighting efforts and household spending

• Reduction in taxes

• Increased oil production

• Exporting more goods

What is the nature of the production shutdown according to the transcript?

• Permanent

• Temporary

• Seasonal

• Unpredictable

Which year is expected to see most of the GDP growth from rebuilding efforts?

• 2015

• 2018

• 2016

• 2017