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Environment & Energy

FBaggins

(28,677 posts)

6. I'm sure that protests didn't help... but this is straight economics

Reply to knightmaar (Reply #1)

Mon Feb 24, 2020, 04:14 PM

Feb 2020

The tar sands have been struggling for a few years now. It made economic sense (ignoring externalities) at >$100/bbl... but fracking has changed the industry. Without the prospect of $100 oil in the reasonably near-term... nobody is going to invest billions in expanding tar sands production.

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Highlight:

Canada Oil Sands Project Scrapped [View all] texasfiddler Feb 2020 OP

For those who don't live in Canada ... knightmaar Feb 2020 #1

Maybe They Understand Their Grandchildren Don't Have A Chance DanieRains Feb 2020 #5

I'm sure that protests didn't help... but this is straight economics FBaggins Feb 2020 #6

Their projections were crap, w. oil at $95/bbl, which is hallucinatory . . . hatrack Feb 2020 #7

Yes, some good news for our global environment. nt iluvtennis Feb 2020 #2

This is definitely good news! Hekate Feb 2020 #3

And another one goes down today, too! JudyM Feb 2020 #4