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semi_infinite

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semi_infinite

Re: Zeev Hed post# 3456

Sunday, 01/26/2003 2:36:13 PM

Sunday, January 26, 2003 2:36:13 PM

Post# of 495952
The cost of producing heavy oil is about $10/bbl. Suncor was able to scape by even during 1998-1999 when conventional crude approached $12. The pricing is plenty good enough but oil execs tend to be conservative when it comes to committing to big capital projects. It would make a lot more sense for the US government to subsidize Canadian heavy oil production then to blow billions trying to maintain friendly ME governments.

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