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$70/barrel was the last number I heard 3-4 years ago. It's likely around $100 now due to higher operational costs. It's really hard to move oil in Canada.
by rubiquity 5y ago
$70/barrel was the last number I heard 3-4 years ago. It's likely around $100 now due to higher operational costs. It's really hard to move oil in Canada.
- pixelgeek 5y agoIt has more to do, I believe, with the cost of extraction and then processing the bitumen into a form that can be transported. It is quite energy intensive to do
- Scoundreller 5y ago> energy intensive Yes, but this means your variable input costs are proportional to your sales price.
- pixelgeek 5y agoIndeed. Its quite the economic puzzle