And with the depressed oil prices ... tar sand oils:
Quote:
There are two primary methods to move oil: by pipeline, which is cheap, and by rail, which is expensive. That cost differential is make-or-break for a tar sands business. The break-even price of tar sands oil is around $100 per barrel if transported by rail, according to Anthony Swift, a staff attorney at NRDC (which publishes OnEarth). Tar sands oil sells for $75 on a good day. So producers have to find a savings of $25 per barrel somewhere in order to make it worth the investment.
The Tar Sands Bubble
|
$47.85 -2.19 (-4.38%)
2015-01-06 16:14:31, 30 MIN DELAY
It's real iffy ... there could be a comeback to $80 or a long term bottom near $30
Store it in tank farms up there?
The big employment gain is like building a road to nowhere right now.