Too many greedy people clawing for what they havent earned. Most oil sands projects have a commerically viable breakeven point. The project I'm on right now sits around $45 a barrel.. You add another 20% to that and your in the $50-55 range.. Just because oil trades at $80 a barrel right now, doesnt mean it will in 2-3 years. Historically the price spikes upward for a few years then right back down to the $20-$25 range. If prices tank they will shutter these projects faster than ever before. Prices have sky rocketed on everything related to construction and theres no relief in sight. Everyone whines about the profits at Encana, $6.48 billion last year. No one ever looks at the $2.5-3 billion dollars in exploration investment next year, and the $1-2 billion dollar office building they are constructing downtown. Geeze I coulda swore they were just building a big pile of money to sleep on and park their ferraris under.. Oh and money in private business' hands is always better spent that in public hands.. Don't kid yourselves about the trickle down effect..
DONT BITE THE HAND THAT FEEDS YOU
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