If the Middle East has no buyers of their oil how can they make money.
If Europe and North America stoped buying Middle Eastern oil and only bought North American oil then the issue is solved.
I highly doubt that the oil sands needs $75 a bbl or in particular the Fort Hills project $85-125 a bbl as eluded to in order to break even or even turn a profit.
$35 a bbl is what it was 10 years ago. With more effeciencys in the industry I am.sure that cost has even come down.
But hey we can throw numbers around all we want. Untill the big guys shut their doors it is anybody guess.
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