Quote:
Originally Posted by Fuzz
Sometimes I wonder if people really understand just how much goes into all the steps from finding oil to burning it. There are a lot, and a lot of people and expenses, even ignoring the environmental part.
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This is where the Oil Sands have a huge advantage, as the oil is already found. Compared to shale oil for example, when prices drop the oil sands producers can cut costs and production stays relatively flat. Shale producers need to continually spend money to find new barrels, or their production drops off (ultimately leading to higher prices).