[GaiJin]

Originally Posted by oilyfan

Where are you getting that the Americans have cheap to produce oil? All new production coming on in the US is shale or tight oil, that is not cheap by a long shot. Break even for a lot of that oil is close to $90, combined with high decline rates.

Canadian oil, while not cheap, is hobbled mostly by the tranortation spread. But companies have already made a lot of other plans to get oil to the coasts.

While the decline in oil prices might hurt the oil patch, it's nothing like going down to $50 or south of that.

http://www.albertaoilmagazine.com/20...-to-oil-sands/