3 ms·
Given that break even for the tar sands has been in the $100/barrel range only recently (with process upgrades) may be as low as $40 (very optimistic in my book
by earleybird 5y ago
Given that break even for the tar sands has been in the $100/barrel range only recently (with process upgrades) may be as low as $40 (very optimistic in my books). It's certainly appears to need subsidies to survive.
- refurb 5y agoWhere did you get $100/bbl from? It was $40-50/bbl a decade ago for some companies. This source states an average of $40 today across all oil sands producers. https://oilprice.com/Energy/Crude-Oil/Breakeven-Price-For-New-Oil-Projects-Drops-In-2021.html https://oilprice.com/Energy/Crude-Oil/Breakeven-Price-For-Ne... Typically when oil prices drop (they were <$40 in early 2020), the oil sands companies put production on standby. It's like most oil exploration - it's either feast or famine depending on global prices.