[Ost-news] Tar Sands send Loonie Past Dollar

[Oil Sands Truth: Shut down the Tar Sands - social and environmental impacts of tar sands heavy oil projects across North America]

"The rise in value of the Canadian dollar "is an energy story," said Busch. With crude oil futures trading at more than $83 U.S., investment capital is pouring north to help extract oil from so-called tar sands, also known as oil sands, in the province of Alberta.

"The average cost to produce a barrel from tar sands is $40 to $45," Busch said. The current world oil price "puts oil development from tar sands on steroids."

Go crazy: Dollar sinks below loonie  
Bill Barnhart | Market report  
September 21, 2007

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    [1]: http://oilsandstruth.org/tar-sands-send-loonie-past-dollar

URL: http://oilsandstruth.org/tar-sands-send-loonie-past-dollar