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>1. technology could make oil sands production cheaper. This has happened regularly before so is likely to continue. Already happened. Oil sands is profitable

by soperj 7y ago

>1. technology could make oil sands production cheaper. This has happened regularly before so is likely to continue. Already happened. Oil sands is profitable at $40 or under, depending on the development.

bryanlarsen 7y ago
True. And that's the price of Alberta heavy oil in Alberta. The difference between that and the benchmark West Texas Intermediate price is mostly shipping.