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Reply #16: Never ever happen. [View All]

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Home » Discuss » Topic Forums » Environment/Energy Donate to DU
Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-18-08 12:14 PM
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16. Never ever happen.
It costs at least 80 bucks a barrel to make either the tar sands or shale to make money and when it's adjusted for inflation, we are talking at least 100 bucks a barrel.

combine that with the recent news that big oil had to invest more money into the tar sands fields to the current total of 9.3 billion, the price of oil per barrel will never get that low.

if it does, which I seriously doubt, there will be some major changes in the oil majors landscapes and in the political arenas.
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