Steady Decline Of Oil Prices Take Toll On Oil Sands Dependent Economy In Fort McMurray, Canada

FORT MCMURRAY, CANADA - APRIL 29: Anthony Cormier smokes outside a camp for migrant oil sands workers, on April 29th, 2015, north of Fort McMurray, Canada. Cormier is a scaffolder and carpenter and has been working in the oil sands for over 15 years. While he believes that he could be laid off in the coming months, he is not worrying about it. Fort McMurray is currently coping with an economic downturn as a result of low oil prices and most of the layoffs have been impacting the transient workforce. Canada's oil and gas industry is expected to lose 37% of its revenues in 2015. (Photo by Ian Willms/Getty Images)