Making Money Minute with Ron Hiebert - Oilsand Productivity Gains
For most of their existence, companies that processed crude from oilsand deposits, had some of, if not the highest production costs among global competitors. Now, due to cutting edge use of robotics, artificial intelligence, self driving vehicles, and dramatically reduced shut downs for maintenance, that has changed. Oilsand producers have driven their breakeven costs down to the low 40 dollars US per barrel. American shale producers have costs in the low $60’s, giving us a $20 per barrel price advantage. For more information, listen to our Making Money podcast, hosted by Ron Hiebert and Gord Whitehead at letsmakemoney.ca or CFCW.com.
