RGVhciBuZXdzZ3JvdXAgcmVhZGVyLA0KIFNhdWRpIEFyYWJpYSdzIG9pbCBtaW5pc3RlciBBbGkg YWwtTmFpbWkgaXMgd2FybmluZyB0aGF0IG9pbCBwcmljZQ0KIGhpa2VzIGFuZCBnbG9iYWwgb2ls IGRlbWFuZCBjb3VsZCBzb29uIGRpc2FwcGVhci4NCiANCkluIGZhY3QsIGhlIGlzIGFsc28gd2Fy bmluZyB0aGF0IG9pbCBwcmljZXMgY291bGQgZWFzaWx5ICJwbHVtbWV0IiBpbg0KIHRoZSBuZWFy IGZ1dHVyZS4NCiANCkFzIHlvdSBtYXkga25vdywgRmluYW5jaWFsIEludGVsbGlnZW5jZSBSZXBv cnQsIGEgc2lzdGVyIHB1YmxpY2F0aW9uDQogb2YgTmV3c01heCBhbmQgTW9uZXlOZXdzLCBoYXMg YWxyZWFkeSBpc3N1ZWQgdGhlIHNhbWUgd2FybmluZyB0byBvdXINCiBpbnZlc3RvcnMuIFdlIGFs c28gaGF2ZSByZXZlYWxlZCBob3cgaW52ZXN0b3JzIGNhbiBwcm9maXQgZnJvbSB0aGUNCiBjb21p bmcgb2lsIHByaWNlIGRyb3AgLSBmaW5kIG91dCBtb3JlLg0KIA0KT3VyIHRyYWNrIHJlY29yZCBv biBvaWwgaXMgaW1wcmVzc2l2ZS4gSW4gQXByaWwgMjAwNCwgRmluYW5jaWFsDQogSW50ZWxsaWdl bmNlIFJlcG9ydCBwcmVkaWN0ZWQgdGhhdCBvaWwgcHJpY2VzIHdvdWxkIHNreXJvY2tldCBmcm9t ICQyOQ0KIHBlciBiYXJyZWwgdG8gb3ZlciAkNjAgd2l0aGluIDEyIG1vbnRocy4gVGhhdCBmb3Jl Y2FzdCB3YXMgZGVhZCBvbi4NCiANClRvZGF5IHdlIGZlZWwgdGhhdCBvaWwgcHJpY2VzIHdpbGwg Y29udGludWUgdG8gZHJhbWF0aWNhbGx5IGZhbGwgaW4NCiB0aGUgbmV4dCAxMiBtb250aHMgdG8g YXMgbG93IGFzICQ0MCBhIGJhcnJlbCENCiANCkFuZCBwbGVhc2UgdGFrZSBhIG1vbWVudCB0byBy ZWFkIGFib3V0IHRoZSBTYXVkaSBvaWwgbWluaXN0ZXIncw0KIGNvbW1lbnRzIG9uIG9pbCByZXBy aW50ZWQgYmVsb3cgZnJvbSB0aGUgQXNzb2NpYXRlZCBQcmVzcy4NCiANClRoYW5rIHlvdS4NCiBO ZXdzTWF4IGFuZCBNb25leU5ld3MuQ29tDQogX19fX18NCiANCk9pbCBNaW5pc3RlcjogRG9uJ3Qg QmFuayBvbiBIaWdoIEdyb3d0aCBOZXdzTWF4LkNvbSBXaXJlcw0KIA0KQU1NQU4sIEpvcmRhbiAt IFNhdWRpIEFyYWJpYSdzIG9pbCBtaW5pc3RlciB3YXJuZWQgQXJhYiBwcm9kdWNlcnMNCiBTdW5k YXkgbm90IHRvIGV4cGVjdCBjb250aW51ZWQgZ3Jvd3RoIGluIHByaWNlcyBhbmQgZGVtYW5kIGZv ciBvaWwuDQogDQpBbGkgYWwtTmFpbWkgc2FpZCBwcmljZXMgY291bGQgcGx1bW1ldCBpZiBhbiBl Y29ub21pYyBjcmlzaXMgZHJpdmVzDQogaW5kdXN0cmlhbGl6ZWQgbmF0aW9ucyB0byBmaW5kIG90 aGVyIHNvdXJjZXMgb2YgZW5lcmd5LCBjaXRpbmcgdGhlDQogMTk4MHMgLSB3aGVuIG9pbCBwcmlj ZXMgZHJvcHBlZCBieSA4MCBwZXJjZW50IGFmdGVyIHN1Y2ggbmF0aW9ucw0KIHJlZHVjZWQgdGhl aXIgZGVwZW5kZW5jeSBvbiBPaWwgYW5kIHR1cm5lZCB0byBhbHRlcm5hdGl2ZSBlbmVyZ3kNCiBz b3VyY2VzLg0KIA0KJydHbG9iYWwgZWNvbm9taWMgZ3Jvd3RoIG1heSBub3QgY29udGludWUgYXQg dGhlIHNhbWUgZ29vZCBtb21lbnR1bQ0KIGZvciB5ZWFycyB0byBjb21lLCcnIGFsLU5haW1pIHNh aWQgYXQgdGhlIG9wZW5pbmcgb2YgYSBmb3VyLWRheQ0KIGNvbmZlcmVuY2Ugb2YgQXJhYiBlbmVy Z3kgbWluaXN0ZXJzIGluIEFtbWFuLiAnJ1dlIHNob3VsZCBiZSBjYXJlZnVsDQogYW5kIG5vdCB0 YWtlIGV4cGVjdGF0aW9ucyBhcyBpbmRpc3B1dGFibGUsIGVzcGVjaWFsbHkgdGhlIGNvbnRpbnVh dGlvbg0KIG9mIGJpZyBkZW1hbmQgZm9yIG9pbCBhbmQgaXRzIHByaWNlcyByZW1haW5pbmcgYXQg dGhlIHNhbWUgbGV2ZWwgb3INCiBpbmNyZWFzaW5nLCcnIGhlIHNhaWQuDQogDQpBbC1OYWltaSBh bHNvIGNpdGVkIHRoZSBBc2lhbiBlY29ub21pYyBjcmlzaXMgb2YgMTk5Ny0xOTk4LCB3aGVuIG9p bA0KIHByaWNlcyBmZWxsIGJ5IDUwIHBlcmNlbnQsIHNsb3dpbmcgQXJhYiBvaWwgcHJvZHVjdGlv bi4NCiANCicnU29tZSBhcmUgZXZlbiBjb25jZXJuZWQgYWJvdXQgYSBsb29taW5nIGVjb25vbWlj IHByb2JsZW0gYmVjYXVzZSBvZg0KIHRoZSBpbmNyZWFzZWQgcG9saWNpZXMgb2YgZWNvbm9taWMg cHJvdGVjdGlvbmlzbSwgb3Igd2hhdCBpcyBrbm93biBhcw0KIGVjb25vbWljIG5hdGlvbmFsaXNt LCcnIGFsLU5haW1pIHNhaWQsIHJlZmVycmluZyB0byBXZXN0ZXJuIGNvdW50cmllcycNCiBkZXRl cm1pbmF0aW9uIHRvIGJlY29tZSBsZXNzIGRlcGVuZGVudCBvbiBNaWRkbGUgRWFzdGVybiBvaWwu DQogDQpTaXh0eSBwZXJjZW50IG9mIHRoZSB3b3JsZCdzIG9pbCByZXNlcnZlcyBsaWUgaW4gQXJh YiBjb3VudHJpZXMsIG9uZQ0KIHRoaXJkIG9mIGdsb2JhbCBwcm9kdWN0aW9uIGNvbWVzIGZyb20g QXJhYiBzb3VyY2VzIGFuZCA0MCBwZXJjZW50IG9mDQogYWxsIG9pbCBidXNpbmVzcyBpcyBjb25k dWN0ZWQgYnkgQXJhYnMsIGhlIHNhaWQuDQogDQpHbG9iYWwgb2lsIHByaWNlcyBmZWxsIGJ1dCBm aW5pc2hlZCBsYXN0IHdlZWsgcm91Z2hseSAkMiBhIGJhcnJlbA0KIGhpZ2hlciwgYXMgdHJhZGVy cycgY29uY2VybnMgYWJvdXQgZ2VvcG9saXRpY2FsIHRocmVhdHMgYW5kIHJlZmluZXJ5DQogc25h Z3Mgb3V0d2VpZ2hlZCBldmlkZW5jZSBvZiByaXNpbmcgc3VwcGxpZXMgYW5kIGZvcmVjYXN0cyBj YWxsaW5nIGZvcg0KIHdlYWtlbmluZyBnbG9iYWwgZGVtYW5kLg0KIA0KQ3J1ZGUgZnV0dXJlcyBk aXBwZWQgdG93YXJkICQ3MiBhIGJhcnJlbCBGcmlkYXkgYWZ0ZXIgdGhlDQogSW50ZXJuYXRpb25h bCBFbmVyZ3kgQWdlbmN5IHJlZHVjZWQgaXRzIDIwMDYgd29ybGQgb2lsIGRlbWFuZA0KIGZvcmVj YXN0LiBFYXJsaWVyIGluIHRoZSB3ZWVrLCB0aGUgVS5TLiBEZXBhcnRtZW50IG9mIEVuZXJneSBz YWlkDQogZG9tZXN0aWMgZ2Fzb2xpbmUgc3VwcGxpZXMgaW5jcmVhc2VkIGZvciB0aGUgc2Vjb25k IHN0cmFpZ2h0IHdlZWsuDQogDQpTdGlsbCwgb2lsIHByaWNlcyBhcmUgYWJvdXQgNDggcGVyY2Vu dCBoaWdoZXIgdGhhbiBhIHllYXIgYWdvLCBhDQogcmVmbGVjdGlvbiBvZiB0aGUgbWFya2V0J3Mg ZmVhciBhYm91dCByZWFsIGFuZCBwb3NzaWJsZSBvdXRwdXQNCiBkaXNydXB0aW9ucyBhdCBhIHRp bWUgd2hlbiB0aGUgd29ybGQncyBzdXBwbHkgY3VzaGlvbiBpcyBwZXJpbG91c2x5DQogdGhpbi4g T25seSBTYXVkaSBBcmFiaWEgaGFzIGFueSBzcGFyZSBwcm9kdWN0aW9uIGNhcGFjaXR5LCBidXQg aXQgaXMNCiBsZXNzIHRoYW4gMiBwZXJjZW50IG9mIHRoZSBkYWlseSBnbG9iYWwgZGVtYW5kIG9m IGFsbW9zdCA4NSBtaWxsaW9uDQogYmFycmVscyBhbmQgbm90IHRoZSBoaWdoIHF1YWxpdHkgY3J1 ZGUgdGhhdCByZWZpbmVycyBwcmVmZXIsIGFuYWx5c3RzDQogc2FpZC4NCiANClUuUy4gUmV0YWls IGdhc29saW5lIHByaWNlcyBhdmVyYWdlIHJvdWdobHkgJDIuODkgYSBnYWxsb24sIG9yIGFib3V0 DQogNzAgY2VudHMgbW9yZSB0aGFuIGxhc3QgeWVhci4NCg=
(O.T.) Hoping for some good gas news
May 18, 2006
5 Replies
The approaching hurricane season should take care of any deflation in oil prices. Stay tuned...
JT
(Who yearns for a return to 98¢ premium..)
kar>
As far as I know, once they have an oilsand plant up and running, it can make money at $20/bbl or less. Start-up capital is pretty huge, but the mine life is long. Takes deep pockets to play in that game, but the rewards are there, and you KNOW from the git-go how much oil you will be able to recover from a given lease, which is always a big question mark with conventional oil.
I really don't believe the Saudis could depress the oil price low enough for long enough to shut down the existing oilsands operations. A long bout of low prices might put a damper on further expansion, but the resource won't go anywhere.
Gord Richmond (on a wellsite as I write this)
git-go how
"Twenty-four hours a day, 365 days a year, vehicles that look like prehistoric beasts move across an arctic wasteland, extracting the oil sands."
It's not exactly an Arctic wasteland. It's boreal forest; not too much different from northern Minnesota. No permafrost, no polar bears. Just a lot of fairly small trees and a bunch of lakes and bogs. And there is indeed a plan for reclamation of the minesites; money is set aside for that very purpose.
Gord Richmond
Join the Discussion
Have something to add? Share your thoughts — no account required.
Didn't find your answer?
Ask the community — no account required