Oil war

[Integrity_Farmer]

Trudeau buys a pipeline Brent Crude today is $31.00 a barrel. For tar sands bitumen to be economically viable oil prices need to rise $85.00 to $95.00 a barrel. What a cruel joke this all is for the taxpayers.

[helmsdale]

Wow... if oil maintains this 30% down...

$500mil in assets literally gets vaporized!

[AlbertaFarmer5]

Trudeau buys a pipeline Brent Crude today is $31.00 a barrel. For tar sands bitumen to be economically viable oil prices need to rise $85.00 to $95.00 a barrel. What a cruel joke this all is for the taxpayers.

You might want to check your numbers, perhaps ask someone in the industry.

[sk_wheatking]

I wonder what bullshit excuses will come out for the price of fuel to stay where it is? Gas at the pumps should be 40 cents a liter by 8 am, if the price of oil went up 30% overnight they would be slamming ladders up against signs immediately to jump prices.

[Integrity_Farmer]

You might want to check your numbers, perhaps ask someone in the industry.

From oil sands magazine Factoring in blending and transportation, WTI equivalent costs increase to US$60.52 for SAGD and US$75.73 for a stand-alone mine. Those numbers are down 25% and 16%, respectively. The big jump in SAGD breakeven costs reflect the high price of diluent required to blend the bitumen product. Diluent (typically condensate) trades almost at par with WTI.

Those prices convert to $82.53 to $103.00 a barrel in Canadian dollars

[macdon02]

If 27.50 let's go here, i think the 1998 low is a possibility

[Robertbarlage]

$1.92 a gallon for diesel in US today in places think that's around 52cents a liter

[jazz]

. What a cruel joke this all is for the taxpayers.

You need to learn a lot more about this industry before you are qualified to make that judgement.

These companies often use capital from other operations to subsidize the operation to knock down the initial infrastructure costs. Once those are in line the break even price falls in half.

an oil sands mine has a 40 yr life it's profits multiply in the latter half.

Any one operating up there for more than 20yrs and went thru the price surge 10yrs ago is already in that zone. Suncor and Syncrude have been operating since the 70s.

You honestly think they are losing $30 a bbl and just keep doing it for fun?

[GALAXIE500]

I wonder what bullshit excuses will come out for the price of fuel to stay where it is? Gas at the pumps should be 40 cents a liter by 8 am, if the price of oil went up 30% overnight they would be slamming ladders up against signs immediately to jump prices.

I was thinking the same as you were SK Wheatking. However in this country, where we seem to pay triple to live here, the prices don't come down very fast , like they do south of the border . It really is too bad that our leader is so completely pathetic in every aspect of his leadership. The borders should be shut down. Just my opinion.

[wmoebis]

I wonder what bullshit excuses will come out for the price of fuel to stay where it is? Gas at the pumps should be 40 cents a liter by 8 am, if the price of oil went up 30% overnight they would be slamming ladders up against signs immediately to jump prices.

But Harper clamped down on price fixing and over charging. Way back in 2008.

https://www.ctvnews.ca/harper-wants-to-crack-down-on-gas-price-fixing-1.326220