Since June, crude old has declined by 28%, pushing the price that - TopicsExpress

Since June, crude old has declined by 28%, pushing the price that oil from new wells in Canda may command below what the expected cost will be to produce it. The so called heavy oil extracted from sand in Alberta which the pipeline would carry to Nebraska, enroute to refineries on the Gulf Coast will cost below $85 to $110 to produce. Its questionable whether or not the project will make much of a difference as proponets expect.

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