Quote:
Originally Posted by Shazam
This is pure scuttlebutt, but Shell will pull out of the oilsands if oil hits $85.
Total's oilsands play is priced for $90 oil, so they're getting awfully close...
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None of these giants will pull out becuase oil is down to $85....especially when the price of gas will never dip below .95/litre again no matter how low the oil goes. Bottom line is, the only thing affected by the drop is the multi billion dollar profits. They will just start turning multi million dollar profits if this trend continues.