Oil now trading at $48 a barrel.
"If oil prices remain below $70 per barrel, expensive oil sands will not be sustainable and Canada’s largest oil sands producers will most likely cut spending. A report from the Bank of Nova Scotia says that drilling in Western Canada may fall by 15 percent in 2015."
The above was quoted in the first week of December. Do the math. It's now worse.
Keystone at the current price of oil, ain't viable.
Not relevant to R_D
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Reservoir_Dog
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Re: Not relevant to R_D
Not relevant to Pud ....
If the oil price falls too far, however, the USA's recent fracking boom will come to an end. Forces are at play to end the USA's projected energy independence and return the country to dependence on the Middle East for its fuel supplies. The USA's long-term key supplier, Saudi Arabia, doesn't want to lose grip on its best customer.
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Reservoir_Dog
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Re: Not relevant to R_D
Fuck, you're stupid.HappyHappy wrote:What part of "not relevant" don't you understand?
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HappyHappy
Re: Not relevant to R_D
Hmmm, he must be an idiot.
Not relevant and he keeps posting.
Can't fix stupidity, RD looks like you and Commieshit are hopeless.
Not relevant and he keeps posting.
Can't fix stupidity, RD looks like you and Commieshit are hopeless.
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Reservoir_Dog
- Posts: 8858
- Joined: Sat Aug 01, 2009 3:46 pm
- Location: Kicking and a' gouging in the mud and the blood and the beer.
Re: Not relevant to R_D
OMG!
Fuck, you're stupid !!!!!
Fuck, you're stupid !!!!!
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callmeslick
- Posts: 16473
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Re: Not relevant to R_D
actually, fracking is cheaper, provided infrastructure is already in place, than some of those far-flung deepwater rigs, or the damned polar bear habitat
everyone fretted over. No oil company is going to waste time plumbing Alaska when June futures were seeing bids in the low 20 dollar range being offered today.
everyone fretted over. No oil company is going to waste time plumbing Alaska when June futures were seeing bids in the low 20 dollar range being offered today.
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HappyHappy
Re: Not relevant to R_D
Hmmm, he must be an idiot.
Not relevant and he keeps posting.
Can't fix stupidity, RD looks like you and Commieshit are hopeless.
He may be STUPID but at least he is a liar
Not relevant and he keeps posting.
Can't fix stupidity, RD looks like you and Commieshit are hopeless.
He may be STUPID but at least he is a liar
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Reservoir_Dog
- Posts: 8858
- Joined: Sat Aug 01, 2009 3:46 pm
- Location: Kicking and a' gouging in the mud and the blood and the beer.
Re: Not relevant to R_D
Shut up, troll.HappyHappy wrote:Hmmm, he must be an idiot.
Not relevant and he keeps posting.
Can't fix stupidity, RD looks like you and Commieshit are hopeless.
He may be STUPID but at least he is a liar
Haven't seen you offer an opinion on ANYTHING relevant.
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Pudfark
Re: Not relevant to R_D
Go ahead...make yer point R_D...it's mirror time, not 'Miller Time'.Reservoir_Dog wrote:Shut up, troll.HappyHappy wrote:Hmmm, he must be an idiot.
Not relevant and he keeps posting.
Can't fix stupidity, RD looks like you and Commieshit are hopeless.
He may be STUPID but at least he is a liar
Haven't seen you offer an opinion on ANYTHING relevant.