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By Undustrial (registered) - website | Posted October 02, 2012 at 00:57:38
The Tar Sands require something in the neighbourhood of $80/barrel to turn a profit, given the enormous technical requirements of producing synthetic crude from tarry sands. Low natural gas prices (for now) will help, but we will never have much relief, if any, from oil prices above that level.
"Today, the notion of progress in a single line without goal or limit seems perhaps the most parochial notion of a very parochial century." — Lewis Mumford
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