Wednesday, January 16, 2008

Supply Costs - Economical Oil Prices


The oil sands are only economical to mine and refine when the price is above $20-$40 USD. This is based on 2004 estimates. However, a new study from StrategyWest proclaims that most oilsands projects need to have oil prices between $60-$70 in order to be profitable due to increased input costs.

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