Economics
Crude at $10 Already a Reality for Canadian Oil-Sands Miners
- Prices of bitumen down from near $80 a barrel two years ago
- Producers 'all losing money' at current prices: First Energy
Here's Why $20 Oil Is No Mirage
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Think oil in the $20s is bad? In Canada they’d be happy to sell it for $10.
Canadian oil sands producers are feeling pain as bitumen -- the thick, sticky substance at the center of the heated debate over TransCanada Corp.’s Keystone XL pipeline -- hit a low of $8.35 on Tuesday, down from as much as $80 less than two years ago.