Saildog

Petro-Canada Announces New Oil Sands Breakeven: $50 a Barrel

This is nonsense. The price is dependent to a very great degree on the price of natural gas. Crude oil itself is another major input. Supply capacity for NG and oil is getting tighter every day - as the prices go up so will the break even for Tar sands. It's like the end of the rainbow - always just ahead; you can never reach it. Once the true scarcity of North American natural gas is priced in the tar sands are dead.

The operators know this because they talk about nukes to deliver the heat needed. If nukes are ever needed the tar sands operations will die.