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Home > With Some Tar Sands Oil Selling at a Loss, Why is Production Still Rising?

With Some Tar Sands Oil Selling at a Loss, Why is Production Still Rising? [1]

Submitted by Jenny McBride on Sat, 03/12/2016 - 11:28am

By: 
Phil McKenna
Topic: 
Less of What We Don't Need [2]

Canadian oil producers can’t address the downturn by slowing production without huge losses, so they now sell at a loss economically and for the climate.

http://insideclimatenews.org/news/23022016/tar-sands-becoming-worthless-producti... [3]

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Source URL: http://www.greensocialthought.org/content/some-tar-sands-oil-selling-loss-why-production-still-rising

Links
[1] http://www.greensocialthought.org/content/some-tar-sands-oil-selling-loss-why-production-still-rising
[2] http://www.greensocialthought.org/topics/less-what-we-dont-need
[3] http://insideclimatenews.org/news/23022016/tar-sands-becoming-worthless-production-rises-even-prices-plummet