Quote:
Originally Posted by Fuzz
It's not just production, though. There's the pipeline thing, along with needing condensate, then long distance shipping. If demand drops something like 20%, our oil looks a lot less attractive globally because the nearest resource will make more sense, and we will be competing against new energy sources for cost as well.
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I don’t have a good handle on the opex vs capex of a pipeline system so can’t say the absolute lowest cost you could ship barrels for if the other option was no production.
But if you compare us to Shale we will produce longer and at lower costs. I’m thinking in a world with 30-40 million worth of demand once cars are all electric.