ATXKJ wrote:
I had heard Bakken was discovered in the 50's - that it hasn't been tapped much - because it's shale oil - and it depended on the technology getting better - and the price of oil - high enough to make it cost effective.....
The cost on Saudi oil to get it out of the ground and to the ships is only $2 per barrel (44 gallons).
Some of the email threads put the cost of getting the Bakken oil into the pipeline at $16 per barrel.
The Canadian Tar Sands oil has to have the price of oil between $60-$70 per barrel to cover the costs. Sorry I don't have the get it into the pipeline figure for a fair comparison.
My employer just made a major sale of equipment (Lamela Gravity settlers) to the Canadian oil operations. For logistical and other reasons the major parts of the equipment will be fabricated in Calgary, AB Canada.