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(O.T.) Hoping for some good gas news

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Reply to
karinhall
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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>

Reply to
Grumpy AuContraire

Reply to
Robert Black

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)

Reply to
Gordon Richmond

git-go how

Reply to
John Poulos

"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

Reply to
Gordon Richmond

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