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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (52923)	10/18/2002 5:02:14 PM
From: Alastair McIntosh	Respond to of 281500

LindyBill, regarding oil sands, Suncor is profitable and has been mining and extracting oil from the oil sands since 1967. Profitability Since 1992, we’ve reduced cash operating costs of oil production from about $17 per barrel to around $11.90 (US$8) per barrel and we’re working on further reducing costs through economies of scale, debottlenecking and operational efficiencies. Our vision is to continue to move down the cost curve to $8.50 to $9.50 (approximately US$6) per barrel to become one of the lowest cost oil producers in North America. suncor.com EDIT: I see that this has already been addressed.