[lbo-talk] The Tyee: Only Fantasies, Desperation and Wishful Thinking Keep Pipeline Plans Alive
marvgand2 at gmail.com
Tue Mar 6 11:45:10 PST 2018
The IMF estimates Aberta tar sands producers need 88USD per barrel to break even. The oil price for Brent crude is currently hovering around 65USD, and most industry analysts expect it to trend lower as shale gas and renewables increasingly displace conventional oil.
Additionally, the US has become self-sufficient in energy and prime consumers China and India have more proximate neighbouring producers to supply them.
Why is there even a debate about building Canadian pipelines to nowhere?
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