> Alberta oilsands oil has the most expensive production costs of any major oil production area, which means they're the marginal producer, the first to shut do

> Alberta oilsands oil has the most expensive production costs of any major oil production area, which means they're the marginal producer, the first to shut down This has not been true for years. Oil sands costs are lower than US shale costs: https://calgaryherald.com/opinion/columnists/varcoe-canadian-producers-battle-tested-united-states-low-oil-prices https://calgaryherald.com/opinion/columnists/varcoe-canadian... The oil sands projects are longer-lived (no need to continually dig new wells), and labour costs have been optimized after the price shock of 2014.