Mullen blames ‘disruptive tech’ for low oil value
Murray K Mullen has seen the impact of low oil prices first hand. More than 100,000 jobs, $60 billion in earnings, and $33 billion in capital investments have evaporated, much of it in Alberta. The Mullen Group itself - the largest provider of specialized transportation for Western Canada's oil and gas industry - has laid off more than 1,400 people. Blame a disruptive technology known as horizontal hydraulic fracturing.