Crude At $10 Already A Reality For Canadian Oil-Sands Miners

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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.
Source: HP

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