#IdleNoMore #DumpHarper .. Tar Oil traded at US$ 39.38 equals $ 45.78.. breakeven for new Tar Sands projects are $75.00 US or $87.19 .. Dec 17th 2014 Any other CEO who matched price & demand so badly to production and new investment would be summarily fired .. 2015 give Harper his pink slip. 14 new Tar Oil projects are scheduled to start in 2015 .. capacity of 266,240 barrels/day.. as prices implode due to over supply .. not recession ! Crude produced from Tar Sands are the World’s most expensive .. must be dug or pumped from the ground, turned into lighter synthetic crude & then transported by pipeline or rail 1000s of miles to refineries. business.financialpost/2014/12/15/canadian-heavy-oil-drops-below-us40-as-new-oilsands-projects-rev-up/?__lsa=96d0-eedc
Posted on: Wed, 17 Dec 2014 07:19:50 +0000