Is Canada’s tar sands expansion in trouble? Probably not, but the issue is complicated, so bear with me.

Back on November 9, 2012 I wrote a post called A Slowdown At The Tar Sands, noting that the economics of new projects had become “challenging” according to James Burkhard, head of oil-market research for oil consultancy IHS Cera. Bloomberg recently reported on a new development at the tar sands which confirms that diagnosis.

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