Canada\u0027s oilsands may be the \u0027last barrel standing\u0027 as the world shifts away from fossil fuels, says a new report. Read more
Financial Post Top Stories
“The analysis … forms a strong argument that legacy oilsands production is more resilient in the face of potential global demand reductions than is commonly understood,” said Fellows.Article content When deposits are deeper, high-pressure steam is used to heat the bitumen so it becomes fluid enough to be collected and brought to the surface.
Because of this the oilsands can weather short-term price dips as long as the WCS price doesn’t stay below $40 a barrel persistently. Conventional oil producers generally stop or slow investments in production when the West Texas Intermediate price is below US$45.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Posthaste: Why the oilsands could be the 'last barrel standing' in North AmericaCanada\u0027s oilsands may be the \u0027last barrel standing\u0027 as the world shifts away from fossil fuels, says a new report. Read more
Read more »
Kim Jong-un vows to 'exponentially' increase North Korea's nuclear warhead production | CBC NewsNorth Korean leader Kim Jong-un vowed to increase the production of nuclear warheads 'exponentially' and build a more powerful intercontinental ballistic missile, state media reported Sunday, signalling deepening animosities with the U.S., South Korea and others.
Read more »
Four suspects sought after man seriously injured in North York carjackingToronto police are looking for four suspects wanted in connection with a violent, armed carjacking and stabbing in North York.
Read more »
Birth of nine calves sparks hope for endangered North Atlantic right whalesThe calving season for North Atlantic right whales starts in mid-November and runs through mid-April
Read more »