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Author Topic: Don't Sell Off the Oil Sands Because of Climate Change? Back to Topics
nraacct
Champion Author
North Carolina

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Message Posted: Jun 14, 2014 5:42:13 PM

A recent report from the London-based Carbon Tracker Initiative think tank warns that many oil companies are committing too much money to projects with high breakeven costs, putting them at great risk should oil prices see a sustained decline.

The report argues that policies aimed at curbing climate change, such as energy efficiency mandates and restrictions on greenhouse gas emissions, are likely to significantly reduce future global oil demand, exerting downward pressure on oil prices.

Such a scenario, Carbon Tracker said, would be especially bad for projects with high costs of production in excess of $95 per barrel for Brent crude.
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REPLIES (newest first) Post a Reply
merlinCO
Champion Author Colorado

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Message Posted: Jun 15, 2014 9:12:34 AM

More ethanol!
FPLREP
Champion Author Virginia

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Joined:Oct 2005
Message Posted: Jun 15, 2014 7:46:17 AM

Face it the oil sands oil will be used. Get over the false claims on this oil.
2b0b
Champion Author Tulsa

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Message Posted: Jun 15, 2014 1:44:05 AM

The oil sands will be developed and will be profitable. That isn't really news to some of us with investments around Fort McMurray. We just keep cashing those dividend checks.
JamesCalvin
Champion Author Lancaster

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Message Posted: Jun 15, 2014 12:34:34 AM

I don't own any!
1momsunshine
Champion Author Ottawa

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Message Posted: Jun 15, 2014 12:24:11 AM

we shall see
SoulMate2012
Champion Author Springfield

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Message Posted: Jun 15, 2014 12:16:06 AM

We sure do, Bttlcat!
tnfran
Champion Author Arizona

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Message Posted: Jun 14, 2014 11:35:56 PM

Good posts Bttlecat & ostrichNV!!
Bttlecat
Champion Author Oklahoma City

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Message Posted: Jun 14, 2014 11:29:29 PM

Why not a distressed business sale? We have an excess of Obama
ostrichNV
Champion Author Austin

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Message Posted: Jun 14, 2014 11:21:43 PM

I like the concept of a "downward pressure on oil prices," but NOT because of Team Obama's anti-fossil fuel crap!
mogas4
Champion Author Oakland

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Message Posted: Jun 14, 2014 11:06:27 PM

We shall see what we shall see..
BuckyTJones
Champion Author Salt Lake City

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Message Posted: Jun 14, 2014 10:00:07 PM


I can't believe people are still buying into this carpet bagging Climate Change/Global Warming elixir !
jethro5000
Champion Author Kentucky

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Message Posted: Jun 14, 2014 8:34:26 PM

I think it's a big mistake to expect oil prices to fall that much, but we can hope?
polaris2
Champion Author Saskatoon

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Message Posted: Jun 14, 2014 8:04:29 PM

If if if....
Vetteblu
Champion Author Denver

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Message Posted: Jun 14, 2014 7:28:33 PM

Ok.
ktbaeohana
Champion Author Las Vegas

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Message Posted: Jun 14, 2014 7:07:36 PM

watch and see.
getgasmoney
Champion Author Toronto

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Message Posted: Jun 14, 2014 6:53:50 PM

I'd love to see a decline!
humblepie
Champion Author Toledo

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Message Posted: Jun 14, 2014 6:50:27 PM

at current prices everything is profitable
jetboy777
Champion Author Hawaii

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Message Posted: Jun 14, 2014 5:44:09 PM

Sand oil?
gcalleja
Champion Author Miami

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Message Posted: Jun 14, 2014 5:43:31 PM

In the long run they'll make money!
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