Quote:
Originally Posted by brownie
I know in the Oilsands,like Suncor and Syncrude it costs them roughly 9 bucks to produce a barrell of oil.
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I heard this the other day too. Most companies in the oilsands say they can turn a profit at around $12, but some companies (like Suncor) are aiming to get down to $9.
50 bucks a barrel is nothing to worry about. I'd venture to say 30 bucks isn't either.