Deep water more marginal than oilsands

Trust Canada's foremost energy bull, CIBC World Markets chief economist Jeff Rubin, to point out the bright side in the recent spate of postponements of oilsands projects and upgraders. "The reason why what's happened in the Calgary oilpatch is so important (to world energy markets) is probably by 2010 Canadian oilsands were likely to surpass deep water as the marginal barrel of oil. Well, that's not going to be happening, based on what I've heard coming out of the 'patch so far." In other… More information...

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