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Re: Fort MacMurray, Canadian oilsands boomtown
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Originally Posted by Mad_Michael
Approximately 20-30 times more expensive than Saudi light crude. Only about 4 or 5 times more expensive than US domestic oil drilling.
And certainly profitable at prices above $60 USD per barrel.
Btw, I understand the USA is looking into developing their oil-shale lands (not unlike Canada's tar-sands).
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Yep and it is profitable at between $25.00 and $30.00 per barrel.
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