New Report Finds Oil Sands Production Costs Below U.S. Tight Oil
Canada’s oil sands are often thought of as one of the world’s most expensive, marginal sources of crude. That may not be the case, however, according to a new report by Scotiabank Economics. After examining more than fifty plays across Canada and the United States, the report found that, on average, Canada has lower full cycle breakeven oil production costs than the United States.