Quote:
Originally Posted by freeweed
Imperial's talking about an oilsands expansion that they figure will be profitable at $30 oil.
What ever happened to all the doomsayers that claimed oilsands only work with $100+ oil?
If Imperial is anywhere close to correct on this, expect another oilsands boom in short notice once capital markets finish with their shakeup.
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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.