As oil remains above $75US/bbl, these oil reserves are able to produce profits as the cost of extraction is higher than pure liquid wells. Better technology will lower the cost of extraction in years to come.
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Speculation on oil shale development requires a high, stable price for oil, which has been a recent anomaly. So I would argue that in the short term oil sands are overvalued. In the long term, of course, they just might keep us all driving some sort… More
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