[Dinsdale]

Except that OPEC generally would like to KEEP us dependent on them by pegging the price of oil to a range that keeps alternative fuels non-competitive.

That price being in the neigborhood of $40/barrel (the production cost of Canadian oil sand oil).

Seems like OPEC has'nt been able to hit their target. We'll see for real after the lead time for new wells has passed.

[Tallguy]

That price being in the neigborhood of $40/barrel (the production cost of Canadian oil sand oil).

I've heard that $40/barrel production figure quoted before. I guess the energy companies are waiting to see if the current OPEC price is a new longterm price level. I think that it is, but then nobody is asking me to ante up the billions necessary to bring the Canadian oil sands into production.