Tar Sands Becoming Worthless, but Production Rises Even as Prices Plummet

InsideClimate News
By Phil McKennaFeb 23, 2016, 7:00 am48 pts
Canadian oil producers can’t address the downturn by slowing production without huge losses, so they now sell at a loss economically and for the climate. By Phil McKenna Like a supertanker unable to make quick turns, production from tar sands in the Canadian oil patch continues to increase despite prices so…

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