[burn_this_city]

Originally Posted by Snuffleupagus

I'm not an oil guy but this can't be great news for Alberta oil.

Largest oil deposit ever found in U.S. discovered in Texas
http://www.usatoday.com/story/money/...exas/94013292/

Those articles are mostly hype. Some areas might be economical right now, but I'd be surprised if the majority would be developed at $50. Plus our heavy doesn't compete with shale oil due to the make up of the refineries in the US. They built a lot of coking capacity to process heavy oil in the last decade expecting that the majority of feedstock going forward would be heavy oil.