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To: McGruff

Oil pumped out of the ground in Saudi Arabia was around $20-30/barrel to produce, while oil sands are closer to $70/barrel to produce - and that’s with fracking technologies that made it cheaper.

Yes, it is better to buy from Canada than the Middle East, but customers prefer lower prices in general.


7 posted on 10/13/2015 7:12:13 AM PDT by tbw2
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To: tbw2

Oil sands do not use fracking, as the sludge do not flow; they strip-mine the oil-soaked dirt with massive scoops and conveyors.

Wait till the first Russian plane gets shot down, thanks to Bamster arming his buddies al-Qaeda ...oil prices will shoot up again.


9 posted on 10/13/2015 7:19:13 AM PDT by canuck_conservative
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