4 ms·
The economics of Canadian oil sands production are just not that marginal for production to be affected by this. Suncor figures that their fully loaded breakeve
by cascom 5y ago
The economics of Canadian oil sands production are just not that marginal for production to be affected by this. Suncor figures that their fully loaded breakeven oil price is $35 WTI [1](WTI is currently trading in the $60s).
All that has happened here is more oil getting shipped by rail with a higher carbon footprint.
[1] https://www.suncor.com/-/media/project/suncor/files/investor-centre/investor-relations-presentations-2021/2021-q1-suncor-energy-investor-presentation-en.pdf?la=en-ca&modified=20210503210331&hash=17C9C8273744F9BFC6ADE35DF296F83771538118 https://www.suncor.com/-/media/project/suncor/files/investor...
- fshbbdssbbgdd 5y agoDoes anyone know what the cost of transporting oil by rail, pipeline, or truck is in terms of dollars per barrel? Seems like it would make it easier to understand whether it affects the viability of oil production.