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View Diary: The 'Hoax' (139 comments)

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  •  Yes, another way to look at this is that (0+ / 0-)

    demand for oil remains (or is actually increasing, on a global basis).

    Companies will seek to fill this demand, that is certain!

    And the lowest cost new sources cost somewheres between $85 and $120/bbl - or more than the tarsands even with the increased cost of rail factored in.  So the tarsands are essentially a bargain compared to the everything else and thus will continue to be developed as fast as possible.  With "possible" largely due to labor constraints in Northern Alberta.

    But anyways, the only uncertainty in tarsands development is whether oil will drop below $75 /bbl or so.  And quite frankly, reading trade websites, no one expects that.

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