3 ms·
Tar sands oil is break-even at CAD57/barrel... which is presently USD40/barrel. Pretty low, but not low enough, Canada! Knocking the CAD:USD down to 2:1 might
by dibujante 11y ago
Tar sands oil is break-even at CAD57/barrel... which is presently USD40/barrel. Pretty low, but not low enough, Canada!
Knocking the CAD:USD down to 2:1 might make it break-even profitable again.
- crdoconnor 11y agoIIRC That's their marginal cost of production, not breakeven. They'd still be running massive losses at that price and would have to default on their debts.