Kanadas Ölsande feiern ihr Comeback als US-Schieferplateaus
https://www.bloomberg.com/news/articles/2025-11-17/canada-s-oil-sands-make-their-comeback-as-us-shale-plateaus
Kanadas Ölsande feiern ihr Comeback als US-Schieferplateaus
https://www.bloomberg.com/news/articles/2025-11-17/canada-s-oil-sands-make-their-comeback-as-us-shale-plateaus
15 Kommentare
Sadly, as global warming continues more of the northern hemisphere will open up to resource extraction.
Now would be the time for Canada to quit discounting oil for the US.
We need to start building up our military.
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>And while a global supply glut is weighing on crude prices, the Trans Mountain expansion has juiced local prices for heavy oil, which are trading at a $10-$12 a barrel discount to the US benchmark, compared with discounts as wide as $30 or more before. Against that backdrop, US institutional investors’ stake in oil sands companies has risen as high as 65% from 40% a decade ago, according to BMO.
So the transmountain expansion is the reason why prices are holding higher and
>Unlike US shale oil producers, who must continuously drill new wells just to sustain their level of output, oil sands production declines at a much slower rate. As a result, four of the five lowest-cost, large-cap oil companies in North America are oil sands producers, said BMO analyst Randy Ollenberger.
>**“They don’t have to continually invest capital to offset decline,” he said. “They only have to invest capital to maintain their facilities and, so, that gives them a cost advantage.”**
So essentially this is pure profit. Oil Sands are expensive to get into but there is very small operating costs once you get it running. Shale on the other hand is non-stop exploration, labour intensive and drilling.
Alberta oil sands production has been growing steadily (covid aside) for the last few decades; it’s not a „comeback“.
As a canadian… blearg.
If anyone ever says ‚battery mining is destroying the planet‘, have them search for both ‚Lithium mining/lithium brine evaporation ponds arial photos‘ and ‚Alberta oil sands arial photos‘ in google images.
Ask which looks like the bigger problem.
And then be mindful that once you have the 7kg of lithium needed to make an EV battery, you can recycle it for generation with a 98% recovery rate.
You set the oil on fire and need to extract more for the next tank of gas.
Until the US gets free reign of that Venezuelan black gold.
duh, oil sand costed less to produce in the past, and i am guessing it still is cheaper, and to add on top of that, because how and where we lives, there’s probably less people to affect from mining oil sand compared to shale, which involves fracking, and it could contaminate the water supply for people who live near it
In these tough economic times the environment is luxury we can no longer afford
Our assets are low decline and low cost, we will always prevail. SAGD assets are at ~$30 WTI breakeven, so US Shale can’t compete long term as the capex investment needed is crazy even to maintain current production
I worry about the amount of fresh water this requires. We can use other things for energy, but I can’t drink oil.
It peaked at around $50 in 2018 due to pipeline constraints. Now it is in the 12-18 dollar range. Looking at the spot price doesn’t tell the story.
The expectation of producers is that the differential will be much less volatile and that has proven to be correct so far.
To fully account for the Social Cost of Carbon (using a C$260/tonne value), a barrel of Western Canadian Select (WCS) crude oil, which is currently trading around US$55.00 (C$75.35), should be sold for approximately C$187.15 per barrel. This means the fossil industry receives an annual subsidy of $136B per year since they don’t have to pay for the negative effects of their product.