[Scoundreller]

Canada has that, along with low population density. Ok, about 6 times the population and only 2.5x the oil production, but other resources too (we can actually grow stuff even).

We just prefer the colony model of letting the profits go to anyone but the local government.

[yostrovs]

Norwegian oil is vastly cheaper to extract and deliver to willing customers than Canadian oil sands. Canadian oil requires prices to be close to $100 a barrel to break even.

[Scoundreller]

It requires a lot of energy to extract, but when you’re the extractor of that energy in the first place, your costs ride up and down as your selling price does.

To date, no oil sands operation has shutdown.