I’m guessing it doesn’t take a decade to set up a burger joint along with several billion dollars.
If you invested several billion dollars in your burger joint a couple years ago, and have a few years to go to break even if the prices climb back up a bit, what would it do to you to shut down now?
Oil Sands facilities, like offshore platforms, are very long term projects with long term economics. Oil will not stay below the price to produce in the long term.
Thanks, man.
That actually made sense to me!