Quote:
Originally Posted by lubicon
Natural gas prices have a lot to do with how profitable an oilsands project is. Assuming they use gas for fule (which a lot, if not all of them do) then the current state of $3 to $4 gas makes a huge difference. Compare that to last year when gas was at least double what it is now.
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Yup. It offsets the doomsayers who complain about natural gas prices being so low as to ruin our economy. If gas is low enough, oilsands become VERY profitable. And vice-versa. It's a nice balance in the end.