Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: kanawa

“Odd headline”

Maybe referring to the fact that it is a lot more expensive to remove and process this oil than, say from a hole in the ground in Saudi. So it’s only a viable supply as long as the world oil price stays very high. They’ll have to control supply to make sure it stays that high.


5 posted on 01/31/2008 11:02:25 PM PST by UKTory
[ Post Reply | Private Reply | To 2 | View Replies ]


To: UKTory
So it’s only a viable supply as long as the world oil price stays very high.

Alberta oil sands have been in continuous commercial production for over 4 decades. It has already survived multiple price swings including the very cheap oil of the late 1990's (oil reached below $10 a barrel).

Oil Sands History
http://www.syncrude.ca/users/folder.asp?FolderID=5657

The produced their billionth barrel back in 1998.

19 posted on 02/01/2008 4:37:45 AM PST by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 5 | View Replies ]

To: UKTory
Well...Canada is a small nation with no ability to control the price of oil. The liberal elites in Canada, especially the Gaia cultists would love to see Alberta curtail its level of oil production.

Frankly its a win win for Canada and the US. The more North American oil production the US can rely on the better - to finally be free of Islamic oil.

24 posted on 02/02/2008 8:19:06 AM PST by Sam Gamgee (May God have mercy upon my enemies, because I won't. - Patton)
[ Post Reply | Private Reply | To 5 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson