Home Breadcrumb caret Economy Breadcrumb caret Economic Indicators Breadcrumb caret Investments Breadcrumb caret Market Insights There’s more to oilsands development than the price of oil Low oil prices alone won’t kill off oil sands development, says Canadian Business writer Andrew Leach. By Staff | March 11, 2015 | Last updated on March 11, 2015 1 min read Low oil prices alone won’t kill off oilsands development, says Canadian Business writer Andrew Leach. Other factors, such as how much it costs to buy dilution chemicals, the exchange rate, and how much the crude is discounted compared to oil from other sources, also play a role, says Leach. Read: BMO’s oil trading team lured to UBS Further, investors should take into account how many oilsands operations are in production, how many are under construction, and how many are simply planned. “While existing operations have seen drastic reductions to their cash flows, few, if any, are in danger of shutting-in production at current prices,” he writes. Read more here. Also read: How shipping costs affect global oil prices Canada’s trade deficit widens Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo