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VetLegion

DanS, interesting article.

I am not an economist, but I was wondering about productivity growth for one other industry - oil extraction from Canadian tar sands. Do you perhaps know what is average yearly productivity growth rate in that sector?

Daniel Schmelzer

Hi VetLegion. I'm not sure about the productivity growth for the tar sands, but would not be surprised to see it at a rate of over 5%. The tar sands now cost something like $15/bbl to extract, depending on the price of natural gas. This compares very favorably to what it used to cost, although it is still expensive compared to extraction in many other places.

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