Jun. 29th, 2016

ymarkov: (Face)
Probably not about oil sands, which are happily producing:

REUTERS – Canada's oil sands production will grow by 42 percent to 3.4 million barrels per day by 2025, most of which will come from the expansion of existing facilities rather than new projects, analysts at IHS Energy said on Monday. [...] HIS estimates that since 2014, the cost of building and operating a new oil sands plant has fallen by $10 a barrel, and the least expensive project - expanding an existing thermal oil sands operation - could break even at a U.S. crude price of around $50 a barrel.
http://www.reuters.com/article/us-canada-energy-oil-sands-idUSKCN0ZD2CT

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Yisroel Markov

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